Stock Groups

SoftBank Group up after share buyback plan

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SINGAPORE — Shares in Asia-Pacific rose in Monday trade following overnight gains on Wall Street that took the major indexes to record closing highs.

Japanese conglomerate has shares SoftBank GroupThe stock rose 10.42% following Monday’s announcement by SoftBank that it would be buying back as many trillion yen (or $8.83 billion) shares. SoftBank Monday reported a 398 billion yen ($3.5 billion) net lossIn the period of three months ending Sept. 30,

Japan is a larger country Nikkei 225The Topix index was up 0.13% and traded at a lower level than its flatline.

Stocks in China were up, as was the Shanghai compositeThe increase was 0.46% Shenzhen componentGained 0.402% Hong Kong has a 0.402% increase. Hang Seng indexTraded at 0.63% more

South Korea KospiReduced by 0.2% The australian population is approximately 0.2% S&P/ASX 200 fell 0.17%.

MSCI’s Asia-Pacific share index outside Japan was 0.38% lower.

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Following the approval and implementation of the infrastructure spending package, Wall Street’s major indexes all reached new closing records.

The Dow Jones Industrial Average climbed 104.27 points to 36,432.22 while the S&P 500 gained nearly 0.1% to 4,701.70. The Nasdaq Composite gained fractionally, to 15,982.36. All three major indexes closed at new records Monday thanks to Monday’s gains.

Late Friday, the U.S. House of Representatives met passed a more than $1 trillion infrastructure bill 1. passed by the Senate in AugustThis package, which includes new funding for broadband, utility, transportation and other infrastructure projects, would be a significant boost to the economy.

Oil and Currencies

The U.S. dollar indexAfter a decline of above 94.2,, which measures the greenback’s value against a basket its peers, was 94.052.

The Japanese yenIt traded at 113.13 USD, which is higher than yesterday’s levels of 113.5 against the greenback. The Australian dollarIt was $0.7403 lower than the $0.75 levels last week.

Petroleum prices rose in the early hours of Asia trade, against international benchmarks Brent crude futuresUp to 0.12% to $83.53 Per Barrel U.S. crude futuresThe average barrel price rose 0.1% to $82.01

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