‘Santa Claus rally’: Asian markets edge higher amid thinned holiday trade; silver hits record high
Asian markets edged slightly higher on Friday amid holiday-thinned trade, though some exchanges remained closed for the Boxing Day holiday. Many markets extended their year-end rallies as analysts projected a “Santa Claus rally” — the phenomenon where prices tend to rise during the last five days of December and the first two days of the new year.🕒 1 min read
Asian markets edged slightly higher on Friday amid holiday-thinned trade, though some exchanges remained closed for the Boxing Day holiday. Many markets extended their year-end rallies as analysts projected a “Santa Claus rally” — the phenomenon where prices tend to rise during the last five days of December and the first two days of the new year.
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