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Tokyo stocks open higher

Tokyo stocks opened higher on Monday, extending rallies on Wall Street on fresh hopes for coronavirus treatments. The benchmark Nikkei 225 index was up 1.27 percent or 281.98 points at 22,572.79 in early trade, while the broader Topix index gained 1.28 percent or 19.67 points to 1,554.87. Source: AFP

Asia Pacific stocks jump as investors shrug off rising coronavirus cases

Stocks in Asia traded higher on Monday morning as investors shrug off concerns over the rising number of coronavirus cases stateside. The Nikkei 225 in Japan rose 1.34% in early trade as shares of conglomerate Softbank Group and robot maker Fanuc jumped more than 2% each. The Topix index also advanced 1.44%. South Korea™s Kospi gained 0.6%. Meanwhile, Australia™s S&P/ASX 200 added 1.44% as shares of major banks such as Commonwealth Bank of Australia and Westpac surged more than 2%...

Wall Street Rebounds on Rate-Cut Hopes
Tuesday, 4 June 2019 23:29 WIB | MARKET UPDATE |S & P 500Wall StreetSaham AS

U.S. stocks rose on Tuesday, led by a rebound in the technology sector, as Federal Reserve Chair Jerome Powell said the central bank would act "as appropriate" to trade war risks, leaving the door open for a possible rate cut.

A day after St. Louis Fed chief James Bullard said a rate cut may be warranted soon, Powell said the Fed was "closely monitoring the implications" of a trade dispute that has disrupted global markets and posed risks to growth.

Wall Street's main indexes have shed more than 6 percent in May on fears of a recession as trade tensions between the United States and China show little signs of easing.

Also helping sentiment was a Washington Post report that Republican lawmakers may vote to block new tariffs on Mexican goods threatened by President Donald Trump.

The tech-heavy Nasdaq confirmed correction territory on Monday, having lost 10.3% since its record closing high on May 3. The S&P 500 is 6% away from its all-time high hit on May 1.

At 11:24 a.m. ET the Dow Jones Industrial Average was up 412.29 points, or 1.66%, at 25,232.07, the S&P 500 was up 40.48 points, or 1.47%, at 2,784.93 and the Nasdaq Composite was up 135.40 points, or 1.85%, at 7,468.42.

Source : Reuters

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POPULAR NEWS
Tokyo stocks open higher

Tokyo stocks opened higher on Monday, extending rallies on Wall Street on fresh hopes for coronavirus treatments. The benchmark Nikkei 225 index was up 1.27 percent or 281.98 points at 22,572.79 in early trade, while the broader Topix index gained 1.28 percent or 19.67 points to 1,554.87. Source: AFP

Asia Pacific stocks jump as investors shrug off rising coronavirus cases

Stocks in Asia traded higher on Monday morning as investors shrug off concerns over the rising number of coronavirus cases stateside. The Nikkei 225 in Japan rose 1.34% in early trade as shares of conglomerate Softbank Group and robot maker Fanuc jumped more than 2% each. The Topix index also advanced 1.44%. South Korea™s Kospi gained 0.6%. Meanwhile, Australia™s S&P/ASX 200 added 1.44% as shares of major banks such as Commonwealth Bank of Australia and Westpac surged more than 2%...

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