Vaccine, US stimulus hopes send HSI higher
2020-12-16 HKT 17:16 Share this story
Tech plays such as Tencent, Alibaba and Meituan put on good gains on Wednesday, sending the Hang Seng Index higher. Image: Shutterstock The Hang Sang Index followed the lead of Wall Street and finished Wednesday with gains as US lawmakers close in on a fiscal stimulus deal.
Dealers say investor sentiment was also lifted by optimism towards coronavirus vaccines even as the outbreak continues to affect the world.
The local benchmark started the day strong, up more the 200 points, and kept up the momentum to close almost 1 percent, or 253 points higher, at 26,460.
Asian markets rise as Japan reports better business sentiment
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HSI ends in losses as Covid fears persist
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The Japan Exchange Group logo is displayed on a glass door at the Tokyo Stock Exchange (TSE) in Tokyo, Japan.
Kiyoshi Ota | Bloomberg | Getty Images
SINGAPORE – Asia-Pacific markets were mixed on Friday as investors watched negotiations over additional fiscal stimulus in the US
The South Korean Kospi index rose 1.21% while the Kosdaq rose 0.64%. Government data released on Friday showed the country’s exports rose 26.9% year over year in the first 10 days of December, thanks to a surge in sales of key products like semiconductors, Reuters reported.
In Japan, the Nikkei 225 was down 0.51% while the Topix index was down 0.1%.
The Australian benchmark index ASX 200 fell 0.26% with most sectors in the red. The heavily weighted financials sub-index fell 0.37% as three of the country’s so-called Big Four banks battled for profits. The Westpac share, however, gained 0.13%.