Asian Markets Surge as Hopes Rise on Passage of Massive US Economic Stimulus Bill
4 months ago tngadmin Comments Off on Asian Markets Surge as Hopes Rise on Passage of Massive US Economic Stimulus Bill
Asian markets soared Monday as investors are increasingly optimistic about the chance of U.S. lawmakers approving a massive coronavirus recovery bill, and recent strong corporate earnings reports.
Japan’s benchmark Nikkei index finished 2.1% higher. The S&P/ASX index in Australia rose 0.5%. Shanghai’s Composite index gained just over one percent, and Taiwan’s TSEC index was up 0.6%.
Hong Kong’s Hang Seng index was up 0.2% in late afternoon trading, while Mumbai’s Sensex is 1.2% higher.
South Korea’s KOSPI index closed down 0.9%.
In commodities trading, gold is selling at $1,810.80 an ounce, down 0.1%. U.S. crude oil is selling at $57.51 per barrel, up 1.1%, and Brent crude oil is up 1.2%, selling at $60.07 per barrel.
All three major U.S. indices are trending higher in futures trading.
Source: Voice of America