Asian shares witnessed a bullish tone on Thursday ahead of the Christmas break, as global investors cheered a potential Brexit deal and economic recovery prospects despite the danger of new strains of Covid now rapidly progressing in new places.
Japan’s Nikkei 225 closed 143.56 points or 0.54% higher and Hong Kong’s Hang Seng index traded up 43.46 points or 0.16%. South Korean Kospi ended 47.04 points higher or 1.70% while SGX Nifty was trading at 107.50 up or 0.79%. Set Composite traded 1.81% higher. Market in Taiwan was also high.
Shanghai Composite closed 19.21 points lower or 0.57% as the Government acts against Alibaba on alleged unfair trade practices. Market in Jakarta also traded in the red.
Overnight, US markets ended mixed as Dow Jones closes up 114 points, while S&P 500 closes flat. The Nasdaq closed lower by 30 points with profit booking seen in technology stocks.
US President Donald Trump passed defence package & also sees renewed optimism on a stimulus package for individuals.
Oil benchmark Brent Crude was trading 0.21% higher at USD 51.31 per barrel.
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