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Asian stocks are generally higher. Tokyo slips when the incidence of the virus increases

BANGKOK (AP) – Shares in Asia were generally higher on Thursday, although the Tokyo benchmark fell as reports of a rise in coronavirus cases signaled another setback in the recovery from the epidemic.

Tokyo reported 545 new cases, and the Osaka government declared a medical emergency as the latest wave of infections exceeded the minimum progress of vaccination against COVID-19.

The Nikkei 225 index slipped 0.1% to 29,708.98, while the Hang Seng jumped 1.2% to 29,014.57 in Hong Kong. In Seoul, Kospi was up 0.2% to 3,143.26. The Australian S & P / ASX 200 gained 1% to 6998.80. The Shanghai Composite Index rose 0.1% to 3,481.70 points.

US futures were higher.

The S&P 500 benchmark rose 0.1% to 4079.95 on Wednesday. The Dow Jones Industrial Average rose 0.1% to 33,446.26. The Nasdaq composite slipped 0.1% to 13,688.84. The S&P 500 և Dow each reached record highs on Monday.

Shares of the small company, which outperformed the wider market this year, took over most of the sales. The Russell 2000 index of small companies fell 1.6% to 2223.05. This year, the index grew by 12.6%, and the S&P 500, which lags behind the largest companies, grew by 8.6%.

The broader market is largely restrained this week as investors continue to be cautiously optimistic about the recovery of the economy. Vaccine distribution is increasing: President Biden has extended his deadline to states so that doses are available to all adults by April 19. Vaccines help restore recovery, but the virus is still a major threat as variants are found. և threaten additional blocking.

Analysts expect the economy to recover this year, but they also predict that the market will remain calm as investors transfer money to companies and industries that will make a profit as the epidemic eases.

The 10-year treasury yield was stable – 1.66%. The sharp rise in bond yields since the beginning of the year reflects growing investor concern that inflation could return to economic growth as the United States emerges from an epidemic recession. Higher profitability can slow down the economy, making it more expensive for people to borrow money for business.

Shares on Wednesday changed slightly after the release of minutes from the last meeting on the Federal Reserve’s interest rate policy

The records showed that last month Fed officials were encouraged by the growing evidence of the US economy, but they did not show any approach to stopping bond purchases or raising the short-term interest rate to almost zero.

Federal policymakers also said they expected inflation to rise in the next few months due to supply disruptions, but they said it would remain around the 2% target in the long run.

Investors were reassured by the Fed’s “more optimistic, more balanced, more balanced, transient inflation,” said Axin’s Skif Ines in a comment.

“And it keeps American investors in the candy store mode while feeding the infrastructure-boosting sugar.”

The protocols are from the Fed meeting, which came ahead of last week’s March report, which showed a surprisingly strong 916,000 positions that month, the highest since August, and the unemployment rate fell from 6.2% to 6%. to:

Elsewhere on the New York Mercantile Exchange, US crude oil lost 56 cents to $ 59.21 a barrel. It rose 44 cents to $ 59.77 a barrel on Wednesday. The price of Brent brand, the international standard, dropped from 56 cents to $ 62.60 per barrel.

The US dollar fell from 109.85 yen to 109.72 Japanese yen. The euro rose to $ 1.1877 from $ 1.1868.


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