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SINGAPORE – Asia-Pacific stocks rose Friday morning after overnight gains in the United States that saw the S&P 500 hit a record close.
In Japan, the Nikkei 225 was up 1.21% in early trading, while the Topix index gained 1.01%. South Korea’s Kospi advanced 0.86%.
Shares in Australia rose while the S & P / ASX 200 gained 0.95%. The Reserve Bank of Australia is ready to release its monetary policy statement around 8:30 am HK / SIN.
Investors are likely to focus on the Hong Kong debut of China’s Kuaishou technology, with shares of the short video app priced at 115 Hong Kong dollars (about $ 14.83) each.
MSCI’s broader Asia-Pacific equity index outside of Japan traded 0.25% higher.
Overnight on Wall Street, the S&P 500 rose 1.1% to a closing record of 3,871.74. The Dow Jones Industrial Average rose 332.26 points to close at 31,055.86 while the Nasdaq Composite advanced 1.2% to 13,777.74, also touching a new high.
Coins
The US dollar index, which tracks the dollar against a basket of its peers, was at 91.529 after having previously risen from levels below 91.2.
The Japanese yen was trading at 105.57 per dollar after weakening from levels below 105.2 against the dollar yesterday. The Australian dollar changed hands at $ 0.7599, after falling above $ 0.764 yesterday.
Here’s a look at what’s available:
- Australia: Reserve Bank of Australia releases monetary policy statement at 8:30 am HK / SIN
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