Asian stocks rise after Wall Street hits new high
4 years ago

Asian stocks rise after Wall Street hits new high

Associated Press  

BEIJING — Asian stock markets rose Monday on 2021’s first trading day, boosted by optimism about the rollout of coronavirus vaccines after Wall Street ended the year on a new high. Traders are “perhaps a bit over-eager” but believe vaccines will “provide the ultimate economic kick-start, offering a massive booster shot to corporate profits,” said Innes. On Wall Street, the benchmark S&P 500 index rose 0.6% to a high of 3,756.07 on Thursday, its final trading day of 2020. In energy markets, benchmark U.S. crude gained 56 cents to $49.08 per barrel in electronic trading on the New York Mercantile Exchange.

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