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AAP

2013-01-22

A roundup of trading on major world markets:

NEW YORK - Wall Street was closed on Monday for the Martin Luther King Jnr public holiday.

LONDON - European share prices rose, with London hitting a near five-year high in light trading amid a public holiday in the United States, although the luxury goods sector was tarnished by a gloomy outlook from the Swiss group Richemont.

London's FTSE 100 index of top companies gained 0.43 per cent on Monday to 6,180.98 points, a level unseen since May 2008.

Frankfurt's DAX 30 rose 0.61 per cent to 7,748.86 points, and Paris's CAC 40 added 0.57 per cent to 3,763.03 points, with dealers pointing to hopes for an agreement on the US debt ceiling.

The euro was stable at $US1.3317, while on the London Bullion Market, gold prices edged lower to $US1,687.50 an ounce from $US1,688.50.

HONG KONG - Asian markets closed mixed, with Tokyo's Nikkei hit by a stronger yen and profit-taking, while dealers await the outcome of a policy meeting at the Bank of Japan.

Tokyo's Nikkei, which hit a 33-month high on Friday, fell 1.52 per cent, shedding 165.56 points to 10,747.74. Sydney closed up 0.13 per cent, or 6.3 points, at 4,777.5.

Seoul ended flat, dipping 0.99 points to 1,986.86. Hong Kong was also barely changed, edging down 10.87 points to 23,590.91.

Chinese shares closed up 0.48 per cent, extending Friday's gains after Beijing released data showing the economy grew faster than expected last year. The benchmark Shanghai Composite Index rose 11.15 points to 2,328.22 on turnover of 113.0 billion yuan ($A17.41 billion).

Policymakers at Japan's central bank on Monday began a two-day meeting that markets widely expect will see them adopt a two per cent inflation target and unveil more monetary easing.

WELLINGTON -The NZX 50 Index rose 21 points, or 0.5 per cent, to 4185.18.