ASX to rise amid broad rally in New York

: The top US Senate Democrat called on Rupert Murdoch to end the promotion of “false white nationalist, far-right conspiracy theories” on Fox News.Home Depot raised its annual profit and sales forecasts, easing concerns that demand for home-improvement tools and building materials would take a hit amid surging inflation.

In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase, shareholders clearly disapproved of the special $US52.6 million stock option award directors gave him last year to stay on the job for at least five more years. Daimler Truck Holding and Spain’s Caixabank rallied 6.5 and 5.2 per cent respectively, on upbeat forecasts.

The Hang Seng Index rose 3.3 per cent to 20,602.52, while the China Enterprises Index gained 3.7 per cent to 7076.80 points. Baidu founder Robin Li, Qihoo 360 Technology’s Zhou Hongyu and NetEase chief William Ding were among the tech luminaries spotted at the forum, according to a video posted online.Liu’s remarks reported by state media were short on detail but signal further easing of the regulatory risk for China’s technology behemoths including Baidu and Tencent Holdings.

Source: News Formal (newsformal.com)

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