TOKYO – Asian shares were mostly higher Tuesday despite shares sold in tech companies on Wall Street.
Japanese markets were closed for national holidays. Kospi Corea a Deas 180721,
slipped 0.2% in morning trading while Australia S&P / ASX 200 XJO,
he gained 0.4%. Hang Seng HSI at Hong Kong,
jumped 0.5%, while the Shanghai Composite SHCOMP,
rose 0.3%. Stocks fell in Taiwan Y9999,
but advanced in Singapore STI,
while Indonesia is JAKIDX,
little has changed.
“Fortunately, for society at large, there is more hope than fear today, with vaccines showing ground-based scientific results proving efficacy and effectiveness across transmission, bringing the world back to regularity. starting soon, ”said Stephen Innes, Axi ‘s chief global markets strategist.
While the coronavirus outbreak has affected global economies, the use of COVID-19 vaccines raises hopes for overcoming the pandemic.
On Wall Street, the S&P 500 SPX,
fell 0.8% to 3,876.50, extending its loss to a fifth straight day. The index of tokens was just split evenly between winners and losers, but tech stocks and companies that rely on consumer spending were the biggest sellers. Apple AAPL,
fell 3%, Microsoft MSFT,
fell 2.7%, Tesla TSLA,
down 8.5% and Amazon AMZN,
lost 2.1%.
Dow Jones industrial average DJIA,
it gained 0.1% to 31,521.69. The Nasdaq COMP,
lost 2.5% to 13,533.05.
Stocks began to shed some of their gains last week after a strong start in February as interest rates rose and the potential for inflation down the road undermined some Wall Street commitment, although the large stock indices close to their highs.
“Equity investors are finally paying attention to the bond market,” said Mike Zigmont, director of trade and research at Harvest Volatility Management. “With climbing yields, there are a lot of jitters in the equity space. ”
Investors are still focusing on the fate of global economies hit hard by COVID-19 and the potential for more incentive to repair them. U.S. House of Representatives is likely to vote on the stimulus package proposed by President Joe Biden before the end of the week. It would include $ 1,400 surveys for most Americans, extra payments for children, and billions of dollars in support of state and local governments as well as extra support for businesses affected by the whole epidemic -dissolved effect.
But the sheer volume of stimulus pumped into the economy has calmed some investors, reviving concerns about inflation that have not been close for more than a decade. Yields on U.S. Treasury bonds and notes have skyrocketed in the past few weeks as investors bet the rebound will lead to more inflation.
“There are some risks out there,” said Gary Schlossberg, global strategy at Wells Fargo Investment Institute. “The question is whether we are just normalizing back to where we were before the pandemic or are we talking about sea change.”
In energy trading, US CLH21 crude criterion,
electronic trading on the New York Mercantile Exchange rose 76 cents to $ 62.46 a barrel. It earned $ 2.44 to $ 61.70 a barrel Monday. Brent crude BRNJ21,
the international average, 91 cents rose to $ 65.27 per barrel.
In foreign exchange trading, US dollar USDJPY,
inched down to 105.02 yen from 105.08 yen.