Markets in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors looked ahead to U.S. Federal Reserve Chairman Jerome Powell's appearance before legislators a day after he said the pace of recovery is moderating.
The Kospi in Seoul advanced 1.8% to 2,637.55 after South Korea reported exports rose 4% in November over a year earlier, rebounding from October's decline. That was led by a 16.4% increase for semiconductor sales. On Monday, the S&P 500 declined to 3,621.63. The Dow Jones Industrial Average lost 0.9% to 29,638.64. The Nasdaq composite slipped 0.1% to 12,198.74.
Markets also have been heartened by announcements from pharmaceutical companies of advances in vaccine development.
This appears to be some news that's coming out of China that Joey could love. If Joey gets sworn in, he might use his influence to help the market in China.