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Light trading in Asia, with most markets closed for holiday

A man shops for traditional decorations for the upcoming Chinese New Year, marking the Year of the Ox, on Thursday in Beijing.

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Trading was light in Asia on Thursday, with most major markets closed for the Lunar New Year holiday.

Hong Kong’s Hang Seng Index HSI, +0.45% rose 0.5% and Singapore’s Straits Times Index STI, -0.01% fell fractionally in shortened trading days. Australia’s S&P/ASX 200 XJO, -0.10% slipped 0.1%.

Markets in Japan, mainland China, South Korea and Taiwan were closed. The Lunar New Year holiday official begins Friday.