Asian stock markets up Monday after Wall Street hit a new high despite prolonged unrest over a possible second wave of coronavirus infections.
The Nikkei 225 NIK,
in Tokyo added 0.3% and the Hang Seng HSI,
in Hong Kong advanced 1.5%. The Shanghai Composite Index rose 0.2%, while the Shenzhen Composite gained 1.2%. De Kospi 180721,
in Seoul was 1% higher and the S & P / ASX 200 XJO of Australia,
received 0.2%. Benchmarks in Taiwan Y9999,
, New Zealand NZ50GR,
and Singapore STI,
advanced while Indonesia JAKIDX,
was flat.
Global markets have recovered most of this year’s loss despite increasing infection rates in the United States, Brazil and some other countries.
On Wall Street, the benchmark S&P 500 index ended up 0.7% last week, although the majority of shares in the index fell. The profit was driven by the strength of technology stocks.
Forecasters say the recovery may be delayed prematurely due to uncertain economic activity. Large benchmarks for markets have been lifted by better performance by large companies, while smaller stocks still exist.
The world economy “offers few reasons to be optimistic,” Mizuho Bank said in a report.
If a “second wave” of infections hits, renewed curbs on business and travel could “hinder the trajectory of economic recovery,” the bank said.
Shares have risen higher, despite signs that economic growth in the United States and Europe may be weakening.
Investors have been encouraged by central bank efforts to support growth with credit infusions. Many are trying to watch the end of the pandemic to choose companies that will emerge stronger. That has led to a lot of stacking in tech stocks.
On Friday is the S&P 500 SPX,
rose 0.3% to 3,397.16. It ended the week up 0.7%. The Dow Jones Industrial Average DJIA,
climbed 0.7% to 27,930.33. The Nasdaq Composite COMP,
0.4% added 11,311.80.
In energy markets benchmarket US crude CLV20,
received 2 cents to $ 42.36 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 48 cents Friday to settle at $ 42.34. Brent raw BRNV20,
, the international standard, was unchanged in London at $ 44.35 per barrel. It lost 55 cents the previous session.
The USDJPY dollar,
kept stable at 105.80 yen.
.
