Asian stocks were mostly higher on Thursday after mixed gains on Wall Street following mixed economics reports.
Benchmarks rose in Tokyo, Hong Kong and Sydney.
China’s market regulator says it has launched an anti-monopoly probe into e-commerce giant Alibaba Group 9988, after shares in Shanghai fell.
To advance official efforts to tighten control over the country’s fast-growing tech industries.
China is also testing the practice of buying community groups by inviting some of the nation’s largest tech companies for discussions as part of anti-monopoly pressure.
China’s State Administration for Market Regulation also recently issued summons to six companies, including Alibaba and other e-commerce platforms such as JD.com JD.
And Pindudo PDD,
Gaming company Tencent 700,
Food Delivery Firm Metuan 3690,
And riding group Didi Choxing to talk about the potential impact of community group purchases.
Shanghai Composite Index S.S.C.M.P. ,.
Lost 0.2%. Shares also fell in the small market of Shenzhen 399106 in southern China,
But elsewhere, there was excitement in trade on Christmas Eve. Tokyo’s Nikkei 225 Index NIK,
0.4% on Thursday and Hang Seng HSI,
Hong Kong has a high of 0.2%. In South Korea, Kosi 180721,
Australia jumped 1.3% and Australia’s S&P / ASX 200 XJO,
Increased 0.4%. The stock advanced in Taiwan Y9999,
And Singapore STI,
Onda’s Jeffrey Haley said in a comment that some of the portfolio filling portfolios in Asia were expected before the holiday break, but the underlying theme is positive.
On Wednesday, the S&P 500 SPX,
0.1% up to 3,690.01. The benchmark index hit a record high on Thursday and has risen 14.2% so far this year.
Profits from financial, telecommunications services, energy and other sectors, including technology companies, were prevented from declining elsewhere, which helped pull the Nasdaq COP,
A little less.
An hour before the start of trading on Wall Street, the government released an avalanche of economic data showing some optimistic signs and some disappointing.
The Labor Department said last week that fewer U.S. workers filed for unemployment benefits, compared to the epidemic, which is still extremely high, but better than economists expected.
The second report said orders for goods that lasted longer than expected last month were a good sign for the country’s producers.
But other reports were serious. Consumers pulled back on their spending in the past month than economists expected. It was the first decline since April and was mainly due to the fact that revenue fell sharply in November, by more than economists had predicted.
Dow Jones Industrial Average DJIA,
0.4% to 30,129.83.
President Donald Trump said he would not be able to sign the $ 900 billion defense for the economy approved by Congress on Monday night after stock futures initially fell.
The hope in the markets was that comprehensive vaccination could boost the package economy until the world could begin to return to normal. The law includes a one-time cash payment of 6 600 to most Americans, additional benefits for scattered workers, and other financial assistance.
Trump said late Tuesday that he wants most Americans to pay large sums of up to $ 2,000 for individuals. He also criticized other parts of the bill.
But as investors looked back on the unexpected pushback, the stock finally moved upwards.
“Despite the churning of Washington D.C. Lake by vets, new votes and overrides, Wall Street clearly believes that something positive will come to the top of the barrel when the churning stops.”
The 10-year Treasury yield rose 0.95% from 0.90% late Tuesday night.
In other business, U.S. Benchmark Crude CLG 21,
Electronic trading on the New York Mercantile Exchange rose 12 cents to $ 48.24 a barrel. On Wednesday, it rose from 10 1.10 to. 48.12. Brent Crude BRNG21,
Internationally, an increase of 14 cents per barrel is 51.38 dollars.
The Japanese yen slipped from 103.54 yen to 103.52 yen late Wednesday night.