Asian shares are mixed after U.S. markets were closed for the Thanksgiving holiday. The yen gained against the dollar.

Here’s what investors should know about trading hours on Turkey Day. The New York Stock Exchange and the Nasdaq Stock Market will be closed Thursday. The U.S. bond market and over-the-counter markets will also be closed.

The Cboe Skew Index, which measures options traders’ demand for tail-risk hedges, has risen sharply since Nov. 12, when it touched a post-election low. The index closed above 167 on Monday, its highest reading in more than two months, according to LSEG data.

European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving holiday. Europe's continent-wide STOXX 600 index rose 0.