SINGAPORE — Stocks in Asia-Pacific largely rose in Thursday trade following an overnight bounce on Wall Street.
The Nikkei 225 in Japan jumped 2%, recovering partially from two days of losses earlier in the week. The Topix index gained 1.53%. South Korea's Kospi advanced 0.33%.
Over in mainland China, the Shanghai composite was slightly lower while the Shenzhen component rose 0.499%.
Shares in Australia nudged higher as the S&P/ASX 200 rose 0.49%.
India's stocks lagged regionally as they resumed trade Thursday following a holiday. The Nifty 50 shed 0.26% while the BSE Sensex declined about 0.4%. The Covid situation in the country remains serious, with nearly 300,000 new daily infections registered on Wednesday.
MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.3%.
Overnight stateside, the Dow Jones Industrial Average jumped 316.01 points to 34,137.31 while the S&P 500 gained 0.93% to 4,173.42. The Nasdaq Composite rose 1.19% to 13,950.22.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.115 following an earlier low of 91.039.
The Japanese yen traded at 107.96 per dollar, stronger than levels above 108.4 against the greenback seen earlier in the week. The Australian dollar was at $0.7748, still lower than levels above $0.78 seen earlier this week.
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 0.4% to $65.04 per barrel. U.S. crude futures shed 0.46% to $61.07 per barrel.
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April 22, 2021 at 06:43AM
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Japan bounces back following two days of losses as Asia-Pacific markets rise - CNBC
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