9.2 C
New York
Monday, January 30, 2023
HomeBusinessTrades higher amid risk-on sentiment

Trades higher amid risk-on sentiment

Date:

Related stories

Peninsula Energy Ltd strengthens financial skillset with new executive director

Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) has strengthened the financial...

Elon Musk’s mysterious ways on display in Tesla tweet trial

SAN FRANCISCO (AP) — Elon Musk’s enigmatic personality and...

How to enable new Gmail package tracking on Android, iOS

Back in November, Google announced that Gmail would directly...

3 Obscure Business Storytelling Books Every Leader Should Read Now

For some time now, storytelling has been understood as...

You’re so vain — you’re probably betting on a recession

In my 50-plus years of managing money — which...
  • Asian stocks trade mixed on Wednesday after the previous session’s solid gains.
  • Commodity prices rebound stabilize after a recent upswing.
  • US Dollar Index stays strong above 93.00 despite the delay in Fed’s taper talk.

Most of the Asia-pacific stocks trade higher on Wednesday following a round of gains on Wall Street.

Investors remained optimistic on positive COVID-19 vaccine news and easing worries over Fed’s tapering on stimulus.

MSCI’s broadest index of Asia-pacific shares outside Japan gained 0.44%.

The Shanghai Composite Index rose 0.1%, hovering around a nearly 1-week high at 3,517. CNN reported that China could become the world’s first country to control a Delta outbreak with its strict approach, as no new locally transmitted cases were reported.

Japan’s Nikkei 225 gained 0.4%, rising for the third time in a row. Sentiment boosted after Bank of Japan board member Toyoaki Nakamura said that the Japanese economy headed toward recovery on solid global demand.

Hong Kong’s Hang Seng Index climbed 1% at the time of opening but retreated as the timing progressed, South Korea’s Kospi declined 0.40%.

The ASX 200 rose 0.3% on global risk-on sentiment despite the worsening COVID-19 situation in the home country.

The US Dollar Index (DXY) trades higher above 93.00 after initial hiccups.
 

Source

Latest stories