By Shinichi Saoshiro
TOKYO (Reuters) – Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S.
South Korea's KOSPI (.KS11) edged up 0.2 percent, New Zealand stocks <.NZ50>while Japan's Nikkei (.N225) bucked the trends and eased 0.2 percent. Australian financial markets were closed for their 'Australia Day' holiday. President Donald Trump agreed on Friday to temporarily end a 35-day-old partial U.S. government shutdown without getting the $ 5.7 trillion demanded from Congress for a border wall.
In Wall Street response, broadly on Friday, investors were heard to see the back of the longest US government shutdown in history. [.N]
The shutdown had left investors anxious and frustrated as it came at a time of heightened worries about slowing global growth, signs of stress in corporate earnings and a still unresolved Sino-U.S.
"The rise in the broader stock markets looks to keep going. The US government reopening is definitely a plus for market sentiment," said Soichiro Monji, senior economist at Daiwa SB Investments.
"There are still potential risk factors, such as the US-China trade row and Brexit, "he said.
In the currency market, the pound stood tall, hovering near a three-month high of $ 1,3218 (GBP = D3) set on Friday on The back of optimism that Britain can avoid a no-deal Brexit
Britain is set to leave the European Union on March 29, but the country's members of parliament remain far from agreeing to a divorce deal. That has kept markets, about the possibility of a disorderly brexit, on edge for much of the last several weeks.
The euro was also on the front foot against the sagging dollar.
The single currency was 0.05 percent higher at $ 1.1412 (EUR =) after gaining 0.9 percent on Friday, pairing with losses from earlier last week-sounding comments by European Central Bank President Mario Draghi.
The dollar was slightly lower at 109.48 yen (JPY =) following mild
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U.S. crude oil futures (CLc1) were down 0.55 percent at $ 53.39 per barrel, release some momentum after two sessions of gains.
Oil prices rose towards the end of last week as Venezuela's turmoil threatened to tighten crude supply, with the United States signaling it may impose sanctions on exports from the South American nation.
(Editing by Shri Navaratnam)