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Japanese Market Advances
TOKYO (dpa-AFX) - The Japanese stock market is advancing on Wednesday after U.S. stocks rallied overnight amid optimism about a new fiscal stimulus bill. Tech giant Apple s suppliers in Japan also advanced after the Nikkei reported that Apple plans to increase iPhone production in the first half of 2021.
The benchmark Nikkei 225 Index is adding 82.95 points or 0.31 percent to 26,770.79, after touching a high of 26,874.98 earlier. The Japanese market closed lower on Tuesday.
Market heavyweight SoftBank Group and Fast Retailing are adding 0.6 percent each. In the tech space, Advantest is declining more than 1 percent and Tokyo Electron is down 0.2 percent.
Asian Markets In Positive Territory After Wall Street Rally
CANBERA (dpa-AFX) - Asian stock markets are in positive territory on Wednesday following the overnight rally on Wall Street amid optimism about a new U.S. fiscal stimulus bill and progress in the rollout of COVID-19 vaccines. U.S. House Speaker Nancy Pelosi has scheduled a meeting with other congressional leaders to discuss a relief package.
In addition, shares of Apple s suppliers in Asia advanced after the Nikkei reported that the tech giant plans to increase iPhone production by about 30 percent in the first half of 2021.
The Australian market is rising following the positive cues from Wall Street and as higher commodity prices lifted resources stocks. In addition, upbeat Australian manufacturing sector data boosted sentiment.