Asia markets surge
Asia Pacific markets made positive moves on Tuesday following the investor sentiment was boosted
by optimistic news on the coronavirus vaccine front and seemingly due to an important European
deal on a pandemic recovery fund, as reported by CNBC.
In Japan, the Nikkei 225 soared 0.73% to 22,884.22 and the Topix index jumped 0.36% to 1,582.74.
South Korea’s Kospi index surged 1.39% to 2,228.83, whereas in Australia, the benchmark ASX 200
surged 2.58% to close at 6,156.30, with the heavily weighted financials subindex going up 2.9%.
Hong Kong’s Hang Seng index succeeded in rising 1.83% in afternoon trade while the Straits Times
index in Singapore added 0.53% and the Jakarta Composite ascended 1.41%. India’s Nifty 50 and the
Sensex also advanced more than 1% each.
Chinese mainland shares surged: The Shanghai composite entered the positive territory from earlier
losses to add 0.2% to 3,320.89 while the Shenzhen component index soared 0.65% to 13,536.17 and
the Shenzhen composite climbed 0.72% at 2,232.69.
“Global equities kicked off the trading week on a positive note as vaccine hopes supported
optimism,” Felicity Emmett, a senior economist at ANZ, stated in a morning note.