Thursday, 12 December 2019
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Asian shares up after Nasdaq, S&P 500 hit record highs

Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust results from Coca-Cola, Twitter, United Technologies and Lockheed Martin.

Australian shares gained 0.6 percent, while Japan's Nikkei stock index was 0.3 percent higher. Seoul's Kospi was up 0.1 percent.

Analyst said that alongside better-than-feared corporate earnings, a more supportive policy environment is helping to boost risk appetites.

Source : Reuters

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