Asian shares reach seven-month peak on Wall Street rally

Asian shares reach seven-month peak on Wall Street rally

Asian share markets had reached a seven-month high on Wednesday. The record came after the S&P 500 tallied consistent all-time highs fuelled by policy stimulus to relieve economies from the impact of the coronavirus crisis.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.3% gain. The index advanced for three consecutive days to 570.80 points, a record last monitored in January.

The gains could be attributed to a 0.8% increase recorded by Australian shares and a 0.6% jump of South Korean KOSPI. Japan’s benchmark index also hiked but Chinese shares started turbulently as the blue chips dropped 0.7%.

On Wall Street, the S&P 500 and the Nasdaq immediately hit record highs after the opening bell. These records followed after major U.S. retailers reported upbeat sales growth.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?