Asia-Pacific stocks rise after S&P 500 sails to a new record overnight


SINGAPORE — Shares in Asia-Pacific rose in Friday morning commerce following positive aspects overnight on Wall Street, with the S&P 500 closing at a new record.

In Japan, the Nikkei 225 climbed 0.21% in early commerce whereas the Topix index superior 0.31%. South Korea’s Kospi additionally gained 0.53%.

In Australia, the S&P/ASX 200 rose 0.53%.

MSCI’s broadest index of Asia-Pacific stocks exterior Japan traded 0.27% greater.

Some markets in Asia-Pacific, together with Australia, Singapore and Hong Kong, are set to shut early on Friday due to Christmas Eve.

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Overnight stateside, main averages rose for a third day on Thursday as traders appeared previous earlier jitters concerning the unfold of the omicron Covid variant. The S&P 500 rose 0.62% to shut at a new record of 4,725.79. The Dow Jones Industrial Average jumped 196.67 factors to 35,950.56 whereas the Nasdaq Composite climbed 0.85% to 15,653.37.

U.S. markets are closed on Friday for the Christmas vacation.

Currencies

The U.S. dollar index, which tracks the dollar in opposition to a basket of its friends, was at 96.019 following its slide earlier this week from round 96.6.

The Japanese yen traded at 114.45 per greenback, nonetheless weaker than ranges beneath 113.5 seen earlier within the week. The Australian dollar was at $0.7232, having risen from ranges beneath $0.714 earlier this week.



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