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Asia trades mostly higher after US gains, Shanghai consumer staples lag


1/8/2021 5:41:32 AM GMT
Asia Market Update: Asia trades mostly higher after US gains, Shanghai Consumer Staples lag; Samsung rises despite Q4 miss; Hyundai jumps on Apple news; Geely rises over 15% amid speculation related to Baidu; US jobs data due later today.
General Trend
- Nikkei rises amid gains in largest component Fast Retailing, Financials continue to rise with US Treasury yields
- Hang Seng TECH index tracks gain in the Nasdaq, index removals weighed on large Telecoms
- Gainers in Australia include Consumer Discretionary and Energy firms, Financials track rise in government bond yields
- TSMC might report Dec sales later today, Nanya Technology might issue Q4 results ....

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