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Asian Shares Mostly Lower; Nikkei Hits New Record High

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Asian shares fell in thin holiday trading on Monday, with mainland China, Taiwan and South Korean markets closed for holidays.

Japanese markets bucked the weak trend, long-term bonds tumbled, and the yen touched a fresh low since early August against the U.S. dollar as pro-business leader Sanae Takaichi's victory in the ruling Liberal Democratic Party leadership race stoked bets on a revival in big spending and loose monetary policy.

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