Wall Street rally, currencies and oil
SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade following overnight gains on Wall Street with the S&P 500 jumping nearly 2%
Hong Kong is home to the Hang Seng indexIn morning trade, the price was close to the flatline. After two days of stock market closures in Hong Kong, Hong Kong stocks were able to resume trading on Friday.
Japan has the following: Nikkei 225The Topix index rose 1.11% and climbed by more than 1 percent. South Korea KospiThe gain was 0.6% It was 0.6%. TaiexTaiwan shares rose 1.45% to 1,45% Taiwan Semiconductor Manufacturing CompanyAfter Thursday’s earnings release, the stock rose more than 3 percent.
Australian stocks rose as the S&P/ASX 200The increase was 0.57% The shares of Qantas AirwaysThe stock price jumped by around 2% following Friday’s announcement from the New South Wales government that quarantine requirements for international travellers who have been fully vaccinated will be eliminated starting Nov. 1.
MSCI’s Asia-Pacific stock index outside Japan was 0.65% more.
Overnight on Wall Street, the S&P 500 surged 1.71% to 4,428.26 — its biggest jump since March — as investors cheered better-than-expected earnings reports from major firms such as Bank of America.
Dow Jones Industrial Average increased 534.75 points and reached 34,912.56. The Nasdaq Composite gained 1.73% to 14823.43.
It U.S. dollar indexThe, which compares the greenback to a basket made up of its peers was at 93.991, having fallen from over 94.5 this week.
The Japanese yenThe dollar traded at 113.84, which is still lower than the 112.8 levels seen earlier in this week. The Australian dollarAfter yesterday’s climb to below $0.74, the price of $0.7422 has changed.