CORPORATE WORLD

Asian stocks higher after Wall St. rises to new record

Agency,
09/02/2021   0 Comments

 Asian stocks were mostly higher Tuesday after Wall St. rose to a new record.

 
Shanghai, Tokyo and Seoul rose while Hong Kong declined.
 
Overnight, Wall Street's benchmark S&P 500 index closed 0.7% higher.
 
Investors were encouraged by company earnings, news that a surge in coronavirus cases is easing, progress in distributing vaccines and the possibility of government stimulus.
 
Despite concern prices might be rising too fast, investor optimism means the momentum behind this reflation trade remains a force to reckon with, said Jingyi Pan of IG in a report.
 
The Shanghai Composite Index gained 0.7% to 3,558.63 and the Nikkei 225 in Tokyo rose 0.4% to 29,497.51. The Hang Seng in Hong Kong was off under 0.1% at 29,312.65.

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