Wed, 15 Jul 2020

Asian Markets Post Solid Gains for 3rd Straight Day

Voice of America
03 Jun 2020, 22:35 GMT+10

Asian markets rose for a third consecutive day Wednesday thanks to growing optimism over a gradual post-pandemic recovery.

The Nikkei in Tokyo closed 1.2% higher, while Hong Kong's Hang Seng index is trading 1.2% higher in late afternoon trading. Sydney's S&P/ASX index and the TSEC in Taiwan are both up 1.7%, while the KOSPI in Seoul is 2.8% higher. The Shanghai Composite index is trending upward but is basically unchanged.

Oil markets are also on the upswing, with U.S. crude selling at $37.59 per barrel, up 2.1%, while Brent crude is selling at $40.19 per barrel, up 1.5%.

All three major U.S. indexes are trending upward in futures trading Wednesday, indicating another good day for investors on Wall Street.

More Japan News

Access More

Sign up for Osaka News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!