Asian shares hold near 18-month highs in holiday lead-up

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Asian shares hold near 18-month highs in holiday lead-up
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Asian markets idled near 18-month highs on Monday as volumes weakened ahead of t...

Chinese shares were slightly lower with the blue-chip CSI300E-Mini futures for the S&P 500 ESc1 held at all-time highs having put on 2.7% for the month.

On Friday, the benchmark S&P 500 extended its run of record highs to seven straight sessions, its longest streak in more than two years. All three major U.S. indexes - the S&P 500, Nasdaq and Dow - notched up gains. [.N] Data on Friday showed U.S. growth nudged up in the third quarter, while there were signs the economy maintained its moderate pace of expansion as the year ended. Consumer spending was stronger than previously reported, and there were upgrades to business spending.

Under the deal, the United States would agree to reduce some tariffs in exchange for a big jump in Chinese purchases of American farm products.

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