Thu. Jul 7th, 2022

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Asia-Pacific stocks mixed

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Asian markets

Stocks in Asia-Pacific were mixed in Thursday trade after the Dow Jones Industrial Average surged to an all-time high overnight despite unrest in Washington.

In Japan, the Nikkei 225 jumped more than 2% while the Topix index gained 2.26%. South Korea’s Kospi advanced 2.07%.

Mainland Chinese stocks were mixed in early trade, with the Shanghai composite and the Shenzhen component were above the flatline.

Stocks in Australia jumped, with the S&P/ASX 200 up 1.8%. Australia’s goods and services exports rose 3% month-on-month in November on a seasonally adjusted basis, according to statistics released Thursday by the country’s Bureau of Statistics.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.37% higher.

Overnight on Wall Street, the Dow rose 437.80 points to close at a record of 30,829.40. The S&P 500 advanced 0.57% to finish its trading day at 3,748.14 while the Nasdaq Composite closed 0.61% lower at 12,740.79.

The moves stateside came amid investor optimism over the prospect of additional fiscal stimulus and coronavirus relief as Democrats look poised to take control of the Senate.

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