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Asian stocks were up this morning. Following the direction of the Dow Jones, the New York Stock Exchange closed positive last night. It was fueled by record US new home sales that hit 14-year highs and hopes that Congress and the White House can agree on a new round of economic remedial measures.
The SSE Composite index opened today at 3,234.37 points, with an increase of 11.19 points, + 0.35%, while the Japanese stock exchange NIKKEI 225 opened today at 23,217.33 points, with an increase of 129.51 points , + 0.56%. 114.68 points, + 0.49% TAIEX index The Taiwan stock exchange opened today at 12,312.94 points, 48.56 points more, + 0.40% KOSPI index The South Korean stock exchange opened today at 2,295.19 points, up 22.49 points, + 0.99% FTSE STI The Singapore Stock Exchange opened today. With 2,458.38 points, up 7.56 points, + 0.31% The Malaysian Stock Exchange FBMKLCI opened today at 1,507.95 points, up 7.15 points, + 0.48%.
Several foreign media reported. Democrats in the U.S. House of Representatives are considering economic mitigation measures from the effects of COVID-19 of about $ 2.2 trillion. A vote is expected next week. While Mrs. Nancy Pelosi, speaker of the United States House of Representatives, insisted that she is ready to negotiate with the White House.
The report offers investors hope of that. Congress and the White House will be able to agree on a new round of economic mitigation measures. Meanwhile, senior officials at the US Federal Reserve, including Fed Chairman Jerome Powell, have repeatedly emphasized that the future of the US economy will hinge on measures to control the epidemic. And the government’s efforts to implement economic corrective measures
The market was also positive in a report from the US Department of Commerce, which said. New home sales increased 4.8 percent to 1,011 million units in August. Which is the highest level since September 2006 and the analyst counter expected Sales will fall 1% to 895,000 units.
