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Asian stocks grind higher, dollar slips as US data brightens mood | Malay Mail

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SINGAPORE, Aug 13 — Asia’s stock markets followed Wall Street higher today, as investors returned to tech stocks, gold and selling dollars after steady virus figures and a surprising jump in US inflation boosted sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2...

Thursday, 13 Aug 2020 11:30 AM MYT

The rises come after a tech rally left the S&P 500 within a whisker of a record closing high overnight, in a climate where even bad news is regarded as good news if it increases the chances of more stimulus to aid recovery. At the same time, the number of daily new Covid-19 infections in the United States seems to be stabilising around 55,000. S&P 500 futures traded flat.

Markets are still eagerly awaiting a breakthrough in wrangling over the next US stimulus package, despite little sign of progress in talks, and a crucial weekend meeting between US and Chinese trade officials.

 

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