Asian stock markets followed Wall Street higher on Thursday, as hopes of developing a coronavirus vaccine competed with concern over rising infections in the US.
The Shanghai SHCOMP Composite Index,
increased 0.7% and the Nikkei 225 NIK,
in Tokyo added 0.6%. The Hang Seng HSI,
In Hong Kong, reopening after a vacation, it gained 1.5%. In South Korea, the Kospi 180721,
advanced 0.8% while Australia’s S & P / ASX 200 XJO,
added 1.1%. New Zealand NZ50GR,
Singapore ITS,
and Jakarta JAKIDX,
He also got up.
Investors cheered up after Pfizer PFE,
and BioNtech BNTX,
announced preliminary data from a vaccine test, one in a series by global developers.
At the same time, the populous states of California and Texas reported daily highs in new cases.
“Vaccines hope, while welcome, they do not guarantee a V-shaped recovery,” Banco Mizuho said in a report.
On Wall Street, the S&P 500 index SPX,
It rose 0.5% on Wednesday to 3,115.86, boosted by earnings from tech companies.
The Dow Jones Industrial Average DJIA,
it lost 0.3% at 25,734.97. Nasdaq COMP compound,
, which is heavily weighted with technology companies, rose 1% to a record 10,154.63.
Stock markets around the world fell back in the last quarter in hopes that economies are emerging from their deepest decline since the 1930s. Analysts warn, however, that prices may be rising too high and too fast to be supported. by economic activity when infections increase in the United States, Brazil and some other countries.
In the United States, a manufacturing report showed that activity returned to growth in June, a much better reading than contractors expected.
Previously, a separate report suggested that private employers hired more workers than they cut in June.
“It is still a guessing game about how the persistent impact of COVID-19 will be sustained,” IG’s Jingyi Pan said in a report.
In China, two surveys this week showed that manufacturing improved in June, adding to signs of a gradual recovery.
A similar survey for the 19-country euro zone showed that manufacturing almost grew again after widespread closings.
Analysts said that while the data pointed in the right direction, they show that the economic recovery from the pandemic will be slow.
In the energy markets, the US benchmark crude CLQ20,
lost 1 cent at $ 39.81 a barrel in e-commerce on the New York Mercantile Exchange. The contract rose 55 cents to hit $ 39.82 on Wednesday. Brent crude BRNU20,
, the international price standard, gained 2 cents at $ 42.05 a barrel in London. The contract rose 76 cents the previous session to $ 42.03 a barrel.
The USDJPY dollar,
It gained at 107.53 yen from 107.49 yen on Wednesday.
.
