TOKYO (AP) – Asian shares were mostly higher on Monday as bullish sentiment continued despite continued signs of economic damage from the pandemic.
Traders were still reassured by expectations that incoming administration of President Joe Biden will pump more aid into the U.S. economy, a move that will help Asia and other countries which are export-led.
Kospi Corea a Deas 180721,
it jumped 2.5% in early trading to 3,230.15. S&P / ASX 200 ASX10000 Australia,
lost 0.7% to 6,714.20. Hang Seng HSI at Hong Kong,
rose 0.2% to 27,945.18, while the Shanghai Composite SHCOMP,
added 0.4% to 3,584.97.
Japanese markets were closed for national holidays. Adding to concerns about large numbers of coronavirus diseases, another new version of the virus was reported over the weekend among several people who had arrived from Brazil.
“A resurgence of COVID infections, with evidence of more contagious, new strains taking hold in Asia, outside of the West, shows that hope of recovery and vaccination is also riding behind Tiger, ”said Venkateswaran Lavanya of Mizuho Bank in Singapore, citing the danger of the situation.
Japanese Prime Minister Yoshihide Suga has been careful to free the world’s third-largest economy from the dangers of further collapse, even as coronavirus cases soar in recent weeks.
Suga’s revelation of a state of emergency for the Tokyo region, which kicked off on Friday, focuses on urging restaurants to close at 8pm Critics fear that’s not enough, and Suga’s support levels are plummeting . A cry for his ouster is likely to grow if the high edge in diseases does not smooth out in a month, as he promised.
Wall Street ended last week with more milestones, largely moving away from another discouraging jobs report. The S&P 500 SPX,
rose 0.5%, its second straight high record. Dow Jones industrial average DJIA,
and Nasdaq compound COMP,
all closed at new heights.
The S&P 500 rose 20.89 points to 3,824.68. The Dow gained 0.2%, to 31,097.97. The Nasdaq climbed 1%, to 13,201.98. Russell 2000 RUT Index,
small-cap stocks fell 0.2%, to 2,091.66. It ended the week with a gain of 5.9%, well ahead of the 1.8% gain for the major stocks in the S&P 500.
There are high hopes for the spread of coronavirus vaccines. But the reports of new versions of the virus are worrying, as some experts believe more studies are needed to see if the available vaccines are effective in preventing it. these versions of the virus.
In energy trade, US crude CL.1 marked,
electronic commerce on the New York Mercantile Exchange fell 25 cents to $ 51.99 a barrel. It earned $ 1.41 to $ 52.24 a barrel on Friday. Brent crude BRN00,
the international rate, peeling 45 cents to $ 55.54 per barrel.
In foreign exchange trading, US dollar USDJPY,
JPYUSD,
margin up to 104.17 Japanese yen from 103.95. The euro EURUSD,
cost $ 1.2176, down from $ 1.2220.