Asian stocks advance amid quiet holiday trading

Asian share prices moved higher on Thursday, one of the few trading days open in the region, while most markets observed the Labor Day holiday. Investors took their cue from Wall Street, where US stocks recovered from massive early losses to mark gains for the seventh day straight.

Despite the ongoing uncertainty of President Donald Trump’s trade fight with China and other partners, Japan’s Nikkei 225 advanced 1.31% to 36,516. Traders digested the Bank of Japan’s decision to leave its benchmark rate untouched, even as questions grow over how new and proposed U.S. tariffs could ripple through the world’s third-largest economy.