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Asian Shares Gain After Solid U.S. Data, Focus on Virus
Thursday, 6 February 2020 08:42 WIB | MARKET UPDATE |Bursa AsiaSaham AsiaAsiaMSCI Asia Pacific

Asian stocks edged up on Thursday, a day after U.S. S&P 500 hit a record peak following encouraging economic data, while investors keep a wary eye on the impact of the coronavirus outbreak.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.39% while Japan's Nikkei rose 1.63%.

On Wednesday, the S&P 500 gained 1.13% to a record close of 3,334.69 while the Nasdaq Composite added 0.43% to 9,508.68, also a record high.

The ADP National Employment Report showed private payrolls jumped 291,000 jobs in January, the most since May 2015, while a separate report showed U.S. services sector activity picked up last month. Both indicators suggest the economy could continue to grow moderately this year even as consumer spending slows.

Source : Reuters

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