SINGAPORE – Shares in Japan jumped on Friday after the S&P 500 surged to a record close overnight on Wall Street.
The Nikkei 225 surged 1.58% to close at 29,854 as shares of Japanese conglomerate Softbank Group popped 4.22%. The Topix rose 0.71% to complete the buying and selling day at 1,971.62. In South Korea, the Kospi closed 0.82% larger at 3,112.80.
Mainland Chinese stocks additionally on the day. The Shanghai composite was up 0.52% to three,484.39 whereas the Shenzhen component gained 1.02% to 14,122.61.
Most other major Asia-Pacific markets like Australia, Hong Kong, India and Singapore had been closed for Good Friday. Elsewhere, markets within the U.S. and UK had been additionally closed for Good Friday.
Overnight stateside, the S&P 500 crossed the 4,000 threshold for the primary time and jumped 1.18% to a recent report close of 4,019.87. The tech-heavy Nasdaq Composite additionally surged 1.76% to finish its buying and selling day at 13,480.11 whereas the Dow Jones Industrial Average rose 171.66 factors to close at 33,153.21.
Currencies
The U.S. greenback index, which tracks the buck towards a basket of its friends, was at 92.927 – off ranges above 93.Three seen earlier within the week.
The Japanese yen traded at 110.53 per greenback, weakening from ranges under 109.eight towards the buck earlier within the week. The Australian greenback modified palms at $0.7616, following a bounce yesterday from under $0.756.
