Asia-Pacific stocks higher following overnight bounce on Wall Street; Japan’s November exports miss expectations
16 Dec 2020 | SET News
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Asia-Pacific stocks higher following overnight bounce on Wall Street; Japan’s November exports miss expectations
Stocks in Asia-Pacific were higher in Wednesday morning trade following an overnight bounce on Wall Street as optimism grew over the prospect of more stimulus.
In Japan, the Nikkei 225′s advanced 0.52% while the Topix index rose 0.56%.
Japan’s exports declined 4.2% in November as compared with a year ago, according to Ministry of Finance data released Wednesday. That was far off the 0.5% rise expected by economists in a Reuters poll.
South Korea’s Kospi traded 0.52% higher. Over in Australia, the S&P/ASX 200 gained 1.2%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.35% higher.
Investor focus on Wednesday was likely on negotiations ongoing stateside surrounding Covid-19 relief, with the top four congressional leaders meeting Tuesday amid a rush to reach a deal.
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