Asian stocks follow Wall Street higher on bank news

Benchmarks in Tokyo, Sydney and Southeast Asia advanced while Hong Kong declined. Chinese markets were closed for a holiday.

The Nikkei 225 in Tokyo rose 1% to 22,474.65 while Seoul's Kospi gained 1.1% to 2,134.65. Hong Kong's Hang Seng lost 0.8% to 24,579.56. Investors in the United States have been encouraged by official moves to lift anti-virus measures and allow businesses to reopen. But some states have reimposed curbs after a resurgence in new infections.

The Dow Jones Industrial Average rose 1.2% to 25,745.60. The Nasdaq, which hit an all-time high earlier this week, gained 1.1%, to 10,017. On a more encouraging note, orders to American factories for big-ticket goods rebounded last month from a steep pullback in April and March as the economy began to reopen.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks skid as new coronavirus cases rattle marketsShares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors' hopes for a relatively quick economic turnaround. Umm, doesn’t the sign show the index rising?
Source: CTVNews - 🏆 1. / 99 Read more »

Asian stocks skid as new coronavirus cases rattle marketsShares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors' hopes for a relatively quick economic turnaround. Umm, doesn’t the sign show the index rising?
Source: CTVNews - 🏆 1. / 99 Read more »