Asian markets mostly gain amid cautious outlook for global economy

TOKYO — Asian shares mostly gained Monday amid cautious optimism about a global rebound from the coronavirus pandemic.

Australia’s S&P/ASX 200 XJO, +0.34% gained 0.4%, while South Korea’s Kospi 180721, +0.44% added 0.4%. Hong Kong’s Hang Seng HSI, +1.16% gained 0.1 % and the Shanghai Composite SHCOMP, +1.03% inched up 0.3%. Stocks gained in Singapore STI, +0.03% and Taiwan Y9999, +0.30%. “The Suga administration has taken a risk in China relations, in accordance to the U.S. request,” Maruyama said.

U.S. stocks have rallied in recent weeks amid a string of encouraging reports on hiring, consumer confidence and spending that point to an accelerating U.S. economy. COVID-19 vaccinations, now reaching half of the U.S. population, and massive support from the U.S. government and Federal Reserve are fueling expectations for solid corporate profit growth as more businesses reopen.

Learn to trade the volatility from transparent traders here

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2 Asian Women Stabbed In San Francisco Amid Rise In Anti-Asian ViolenceAttacks on Asian Americans have spiked in the California Bay Area and nationwide since last year.
Source: HuffPostWomen - 🏆 27. / 68 Read more »

10 Fashion Brands That Are Asian, Asian American And Pacific Islander-Founded And OwnedAsian American and Pacific Islander Heritage Month is recognized in May. Here are brands and retailers that were founded by incredible members of the Asian American and Pacific Islander community: ForbesFinds
Source: Forbes - 🏆 394. / 53 Read more »

Why over 85 Asian American, LGBTQ groups opposed the anti-Asian hate crimes bill“The things that will keep us safe require us to think more long term and systemically about what the root causes of violence are,' Jason Wu, co-chair of the Gay Asian & Pacific Islander Men of New York, said.
Source: NBCNews - 🏆 10. / 86 Read more »

21 Book, TV, Film And Podcast Suggestions For Asian Americans, By Asian AmericansFor Asian Pacific American Heritage Month, we asked for recommendations of what to read or watch to connect with AAPI community and culture.
Source: HuffPostWomen - 🏆 27. / 68 Read more »