Asian markets rise as Wall Street eagerly awaits earnings

BEIJING — Asian stock markets rose Monday after Wall Street hit a high despite jitters about the spread of the coronavirus’s delta variant as investors looked ahead to U.S. earnings reports.

The Nikkei 225 NIK, +2.25% in Tokyo surged 2.2% and the Hang Seng HSI, +0.69% in Hong Kong gained 0.6%. The Kospi 180721, +0.86% in Seoul advanced 1% and Sydney’s S&P/ASX 200 XJO, +0.83% rose 0.6%. Markets in New Zealand NZ50GR, +0.58%, Singapore STI, +0.28%, Taiwan Y9999, +0.87% and Indonesia JAKIDX, +0.89% also advanced.“Wall Street shrugged off ‘delta variant’ concerns,” said Mizuho Bank in a report. “Futures suggest that the optimism will spill over into Asia’s equity trading session.

The Dow Jones Industrial Average DJIA, +1.30% gained 1.3% to a record 34,870.1. The Nasdaq composite COMP, +0.98% added 1% to 14,701.92. Over the weekend, the president of the European Central Bank, Christine Lagarde, told investors to prepare for new guidance on monetary policy after the bank’s July 22 meeting. But she gave no indication whether the bank would start winding down stimulus.

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