Connect with us

International

Asian stocks boost gains on global optimism, vaccine hopes

Avatar

Published

on


Shares of Asian TOKYO (AP) advanced on Tuesday, raised by the economic recovery, the spread of vaccines and signs that new cases of coronavirus could be reduced.

US markets closed Monday for Washington’s Birthday, a national holiday. The Shanghai and Hong Kong markets are still closed for the Lunar New Year.

Japan’s Nikkei 225 jumped 1.3% in morning trade to 30,466.77, after closing above 30,000 the day before for the first time since August 1990. South Korea Kospi gained nearly 0.4% to 3,158.78, while Australia’s S & P / ASX 200 added 0.5% to 6,901.80.

Despite data showing that regional economies have been hit hard by the pandemic, investors are still sending ever higher indices. Analysts think Asian stocks will continue to rally, enjoying recent gains in US and European markets.

Hopes for a recovery are being fueled in part by the use of COVID-19 vaccines, said Prakash Sakpal, Asia’s senior economist at ING.

“Profits will still be captured as investors remain wary of newer variants of the variant, which may be more resilient to existing vaccines,” he added.

A distribution of vaccines is starting in Japan this week, a nation that has lagged behind the US and Europe with inoculations. It starts with about 20,000 medical staff, followed by 3.7 million more medical staff. The government’s goal is to have shots available for seniors in April, and for everyone by June.

Government data earlier this week showed that the Japanese economy had recovered from the previously experienced growth slump above COVID-19, but shrank to 2020 overall. It is unclear whether the world’s third largest economy can stay on the growth path, as concerns continue about a continuing wave of infections.

Uncertainty over whether the Tokyo Olympics can continue in July, pushed back from last year, without foreign spectators or perhaps without spectators, is adding to the darkness.

Still, optimism remains above the stimulus measures, including trillions of dollars more aid from the US government. Some companies have released surprisingly strong earnings reports, boosting investor enthusiasm.

Global stock markets remain rising this week with a host of positive factors, including U.S. fiscal stimulus expectations, positive gains and vaccines that support sentiment, said Jingyi Pan, senior market strategist at IG Singapore.

U.S. standards ended last week at record levels.

In energy trading, U.S. crude oil added 69 cents to $ 60.16 a barrel in electronic trading on the New York Mercantile Exchange. He earned $ 1.23 for $ 59.47 a barrel on Friday. Brent crude, the international standard, gained 15 cents to $ 63.45 a barrel.

In foreign exchange trading, the US dollar reached 105.50 Japanese yen from 105.39 yen. The euro strengthened to $ 1.2149 from $ 1.2131.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

Copyright © 2021 All rights reserved. This website is not intended for users located within the European Economic Area.



What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]