Latest News Australia stocks rise; Tokyo Stock Exchange suspends trading due...

Australia stocks rise; Tokyo Stock Exchange suspends trading due to technical issue

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SINGAPORE — Japan’s Tokyo Stock Exchange suspended trading on Thursday due to a technical issue, while many major markets in the region are closed for holidays.

In early trade, the S&P/ASX 200 in Australia gained 0.74%.

Over in Japan, the Tokyo Stock Exchange announced Thursday that trading has been halted, and it’s unclear when it will resume.

Markets in China, Hong Kong, South Korea and Taiwan are closed on Thursday for holidays.

On the economic data front, the headline large manufacturers index in the Bank of Japan’s quarterly tankan business sentiment survey came in at minus 27, against expectations of a minus 23 reading in a Reuters poll. Still, that was better than the minus 34 reading in June.

Overnight stateside, the Dow Jones Industrial Average gained 329.04 points, or 1.2%, to close at 27,781.70. The S&P 500 added 0.8% to end its trading day at 3,363.00, while the tech-heavy Nasdaq Composite rose 0.7% to close at 11,167.51.

The moves on Wall Street came as U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus aid deal. The two will continue talks as they try to craft a fifth package that could pass both chambers of Congress.

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Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.821 in a week that has seen it decline from levels above 94.2.

The Japanese yen traded at 105.48 per dollar after seeing levels above 105.6 against the greenback yesterday. The Australian dollar changed hands at $0.7164 following its rise yesterday from levels below $0.715.

— CNBC’s Yun Li contributed to this report.

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