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Asian stocks climb after record highs on Wall Street

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MSCI index of Asia-Pacific shares tracks overnight rally in New York

A man wearing a protective face mask talks on his cellphone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan. Picture: REUTERS/ATHIT PERAWONGMETHA

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%, tracking a Wall Street rally overnight. The index is down 3.1% so far this month.China’s blue-chip CSI300 index was down 0.1%, while Hong Kong’s Hang Seng index rose 0.65%. The S&P 500 banks index climbed 1.3% ahead of quarterly earnings reports this week from large banks. JPMorgan Chase rose more than 1% and Goldman Sachs rallied more than 2%, fuelling the Dow’s gains.

 

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