Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Shares in Asia rose after a Wall Street rally and positive news about vaccines

Shares in Asia rose after a Wall Street rally and positive news about vaccines

Hong Kong Attach the Seng index (HSI) increased by 1.3%, Chinese Shanghai Composite (SHCOMP) has grown by 0.1% and that of South Korea Kospi (COSPI) increased by 0.7%.
Japan Nicaea (N225) led profits in the region, rising by about 2% to its highest level since early 1991. Shares of flagship carrier ANA jumped nearly 3% after Japan and China announced on Tuesday that they had agreed to resume business trips until the end of the month.
US stock futures also rose slightly. Dow (UNDUE) futures rose 1
00 points, or 0.4%. S&P (SPX) futures rose 0.4% and Nasdaq (COMP) futures rose 0.6%.
The flow of promising coronavirus vaccine developments in recent weeks has been driving global stock growth, according to Stephen Ines, Axi’s chief global market strategist.

“Global investors are happy with the news about the vaccines,” Innes wrote in a note on Wednesday.

Investors are also relieved to see that a formal transition from US President Donald Trump to President-elect Joe Biden is finally underway, Ines said.
The US General Services Administration has launched a so-called establishment process that allows Trump administration officials to coordinate with Biden’s team. Sources confirmed to CNN that former Federal Reserve Chair Janet Yellen will be Biden’s candidacy for finance minister.

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