Japan bounces back following two days of losses as Asia-Pacific markets rise
Stocks in Asia-Pacific rose in Thursday morning trade following an overnight bounce on Wall Street.
The Nikkei 225 in Japan jumped 1.2% in early trade, recovering partially from two days of losses earlier in the week. The Topix index gained 1.13%. South Korea’s Kospi advanced 0.41%.
Shares in Australia edged higher as the S&P/ASX 200 rose 0.21%.
MSCI’s broadest index of Asia-Pacific stocks outside Japan traded 0.07% higher.
India’s stocks return to trade on Thursday following a holiday. Investors will watch for market reaction as the Covid situation in the country remains serious and could weigh on sentiment, with nearly 300,000 new daily infections registered on Wednesday.
Reference: CNBC
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