Stocks rallied in Asia on Friday after the broad gains of several indices lifted to full-time highs on Wall Street.
Tokyo’s benchmark rose as Chinese indices plummeted as investors posted a recent rise in share prices. Oil prices fell slightly and yield on the 10-year U.S. Treasury Department was stable at 1.54%.
U.S. markets came in after President Joe Biden entered into a pandemic relief package law that would provide $ 1,400 checks for most Americans and direct billions of dollars to schools, governments state and local, and businesses plagued by pandemics, which began a year ago. .
That and advances in vaccines against COVID-19 have helped resolve some of the uncertainty that has dissipated markets in recent weeks.
An Nikkei 225 NIK,
rose 1.3% while South Korea Kospi 180721,
climbed 1.2%. In Australia, the S&P / ASX 200 XJO,
0.8% added. Hang Seng HSI at Hong Kong,
lost 0.2% and Shanghai Composite SHCOMP index,
positive 0.3%.
Shares rose in Jakarta JAKIDX,
but fell in Singapore STI,
and Malaysia FBMKLCI,
Taiwan Y9999,
unchanged.
On Thursday, the S&P 500, the Dow Jones industrial average and the volume of small firm stocks closed at the highest levels as the recent volatile trading segment in the bonds market continued to hold, investment in a way of buying.
The S&P 500 SPX,
added 1% to 3,939.34. An Dow DJIA,
added 0.6% to 32,485.59, the second highest period in a row.
The Nasdaq COMP assembly,
it gained 2.5% to 13,398.67. The tech-heavy index, which slipped earlier in the week more than 10% below its February high, has regained some ground, but is still 4.9% lower. than that high-level.
The stimulus combined with ultra-low interest rates is expected to help drive growth as businesses kick back from a pandemic downturn, analysts say.
“We are entering this environment where growth will be higher than expected,” said Charlie Ripley, senior investment expert for Allianz Investment Management. “Growing higher will get higher interest rates.”
The biggest IPO in years was released Thursday on the New York stock exchange where Coupang CPNG,
the South Korean scheme of Amazon in the US, or Alibaba in China, began trading under the “CPNG” ticker. ”The stock went up 40.7%. It is in fact the first largest public offering by an Asian company from Alibaba BABA,
it went public about seven years ago and the largest number in the U.S. from Uber’s more than $ 8 billion IPO in 2019.
On Friday, U.S. crude CLJ21 benchmark,
19 cents slipped to $ 65.83 a barrel in electronic commerce on the New York Mercantile Exchange. Brent crude BRNK21,
lost the international standard for prices, 12 cents to $ 69.52 per barrel.
US Dollar USDJPY,
cost 108.71 yen Japanese, up from 108.53 yen late Thursday.