27 December 2024

People stand outside a store at Pitt Street Mall in Sydney, New South Wales, Australia, on Boxing Day.

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets opened higher on Thursday, with many markets remaining closed for Christmas.

Japan Nikki 225 The Topix rose 0.37%, while the Topix rose 0.49%. South Korea Cosby The Kosdaq rose 0.12% while the Kosdaq rose 0.48%.

Australia, New Zealand and Hong Kong markets were closed for the Christmas holiday.

Traders in Asia will look forward to November manufacturing production data out of Singapore later in the day.

Overnight in the United States, markets were closed for Christmas. Stocks jumped Tuesday on Christmas Eve as the market reversed back-to-back gains over the holiday week.

the Standard & Poor's 500 It added 1.1% to 6,040.04, and Dow Jones Industrial Average The index gained 390.08 points, or 0.91%, to 43,297.03 points. the Nasdaq Composite It rose 1.35% to 20,031.13 points, supported by a 7.4% jump in Tesla shares.

Tuesday marked the start of the seasonal Santa Claus rally, which occurs in the last five trading days of the year and the first two days in January.

CNBC's Yun Li and Sean Conlon contributed to this story.

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