Fri. Sep 24th, 2021

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Asia-Pacific shares trade better

1 min read
china stock

Stocks in Asia-Pacific traded higher Thursday morning following an overnight bounce for shares stateside.

Mainland Chinese stocks were higher in early trade, with the Shanghai composite up 0.75% while the Shenzhen component jumped 1.308%.

Hong Kong’s Hang Seng index advanced 0.23%. Shares of Yum China slipped more than 4% from their issue price in early trade following the stock’s debut in the city.

The Nikkei 225 in Japan rose 0.57% in morning trade while the Topix index advanced 0.72%.

South Korea’s Kospi gained 0.72%. Shares of Kakao Games soared more than 100% from their issue price in the opening minutes of their debut in South Korea.

Shares in Australia also advanced, with the S&P/ASX 200 up 0.64%.

Overall, the MSCI Asia ex-Japan index traded 0.62% higher.

Investor reaction to the overnight jump on Wall Street was watched. The Dow Jones Industrial Average closed 439.58 points higher, or 1.6%, at 27,940.47.  The S&P 500 jumped 2% to 3,398.96 and the Nasdaq Composite
advanced 2.7% to 11,141.56.

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