Asian shares’ upbeat performance supports global bull run

16.02.2021 - Korneychuk Evgeniya
Asian shares’ upbeat performance supports global bull run

Asian share markets were seen upbeat on Tuesday. The series of gains had sent global equities up to secure their 12th session of earnings. The strong upswing followed after investors’ sentiment was fueled by coronavirus vaccines, with rollouts expected to stage a brisk economic recovery.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.62% as Japan’s Nikkei advanced 1.4%, securing a 30-year high record. Hong Kong’s Hang Seng index reached a 32-month high, while Australian shares jumped 0.7%.

Global markets rallied higher as Asia monitored an upbeat performance. Futures for the S&P 500 earned 0.5%, while MSCI’s all country world index recorded minimal earnings.

Vaccine rollouts across the world are expected to boost the global economy. This, in turn, heavily supported investors’ risk appetite, JPMorgan Private Bank head of Asia investment strategy Alex Wolf said.

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?