Stocks in Asia are mixed with strong yen weighing on Tokyo
On Monday, Japanese shares traded weaker, thus breaking seven straight trading sessions of profits as the Japanese yen headed south steeply against the major American currency and crude prices went down.
Japan's Nikkei 225 edged down 0.61% on yen strength, which is considered to be negative for Japanese export-oriented shares, with the Japanese yen spiking more than 1% to 111.87 against the evergreen buck.
Australian S&P/ASX 200 lost 0.29% on weaknesses in its energy stocks, though the Shanghai composite went up 0.38%. Additionally, the Hong Kong's Hang Seng added 0.32%.
The previous week, American shares were higher after the close on Friday, as revenues in the Utilities, Telecoms as well as Consumer Goods sectors brought stocks higher.
The Dow Jones industrial average concluded +0.36% in a holiday-shortened trading session. As for the S&P 500, the given benchmark finished +0.39%, while the Nasdaq composite closed up 0.34%.