TOKYO – Mostly Asian shares were higher Friday on hopes for further economic stimulus after U.S. Congress confirmed that Joe Biden is the winner of the presidential election.
Japan’s emergency situation to address coronavirus surge cases, which kicked Friday, did little to reduce market prospects. The Nikkei 225 NIK benchmark,
2% jump in morning trading. The declaration, announced by Prime Minister Yoshihide Suga, urges people to stay at home and stop going out at night for dinner and drink.
Kospi Corea a Deas 180721,
gained 2.9%, while S&P / ASX 200 received Australian XJO,
margin up 0.4%. Hang Seng HSI at Hong Kong,
added 1.3%, while the Shanghai Composite SHCOMP,
immersion 0.6%. Stocks Held in Singapore STI,
Taiwan Y9999,
Malaysia FBMKLCI,
and Indonesia JAKIDX,
Regional stock prices have risen with large U.S. stock indices heading up to full-time highs.
“Asian markets were monitoring Wall Street’s hopes for a second morning, rising amid steady hopes of further fiscal injection in the U.S. to keep the recovery on track,” said Jingyi Pan, market strategy at IG in Singapore.
The S&P 500 SPX,
rose 1.5% to 3,803.79. Investors were optimistic by Congress ’confirmation of the election victory of President Joe Biden and a shift in Senate control to the Democrats and largely moved away from the violence and chaos of the previous day at the Capitol building.
President Donald Trump has issued a statement saying there will be an “orderly transition on Jan. 20,” though he still falsely claims he won. Jon Ossoff has been named the winner of a runoff election in Georgia, handing over control of the Senate to Democrats.
With Democrats in complete control of Washington, Wall Street expects the Biden administration and Congress will try to deliver $ 2,000 checks to most Americans, increase spending on infrastructure and take other steps to boost the economy to nurse among the pandemic.
“Expectations are moving towards more stimulus, faster, which is generally better for the economy and better for the market as well,” said Rob Haworth, senior director of investment strategy at U.S. Wealth Management Bank.
The broad collection, while the S&P 500 technology division realized the biggest gain, was recovering a loss after a previous day’s withdrawal. An Dow DJIA,
gained 0.7% to 31,041.13. The tech-heavy Nasdaq COMP,
it rose 2.6% to 13,067.48.
The latest Wall Street rally adds to gains from a day before, when stocks rose on the results of two Senate-run elections in Georgia that went to the Democrats. Investors are largely overlooking the current political crisis – and the acceleration of global pandemic – and are instead focusing on opportunities for a thriving economy. getting better.
Hopes are also growing about the roll-out of COVID-19 vaccines to help daily life around the world get closer to normal. That has led investors to expect an explosive return to growth for corporate profits later this year.
In energy trading, US crude GAA21 marked,
32 cents contributed $ 51.15 a barrel in e-commerce on the New York Merchants Trade. He earned 20 cents on Thursday to $ 50.83 a barrel. Brent crude BRNH21,
the international average, 29 cents rose to $ 54.67 per barrel.
In foreign exchange trading, US dollar USDJPY,
it rose to 103.83 yen from 103.80 yen late Thursday.