Asian shares are mostly lower as Chinese benchmarks skidded and Tokyo stayed closed for the New Year’s holiday. U.S. futures advanced and oil prices also gained.

BANGKOK (AP) — Shares mostly gained in Asia on Monday after U.S. stocks capped a mostly dismal week with a broad rally that still left the benchmark S&P 500 down 2% for the week. U.S. futures and oil prices advanced.

Roughly 90% of stocks within the index lost ground. With just two days left in 2024, the benchmark index is still on track for its second straight yearly gain of more than 20%. The Dow Jones Industrial Average fell 319 points,

Asian shares are mixed after stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note.

Asia-Pacific markets trade mixed on Monday following a drop on Wall Street on Friday. Traders were cautious amid thin trading ahead of the New Year holiday and high US Treasury yield. In thin trading volume,