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Asian stocks rose after the fifth day of the rise in US stocks

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TOKYO (AP) – Asian stocks rose on Tuesday, celebrating an all-time high on Wall Street.

Japan Aponia benchmark Nikkei 225 increased by 0.5% to 29,921.09 points. South Korea’s Kospi rose 0.7% to 3,068.21 points. The Australian S & P / ASX 200 jumped 0.8% to 6827.10. The Hong Kong Hang Seng gained 0.3% to և 28,929.99, and the Shanghai Composite offset earlier losses, rising 0.5% to 3,436.19.

The slow spread of coronavirus vaccines in Asia compared to the United States and Europe continues to warn investors in the region, although South Korea, Taiwan, Japan, Japan and other countries have had fewer deaths.

“Considering the emotions, the news is that the AstraZeneca vaccine had a message that ‘whether or not blood clots had a side effect after use’ (it) led to a ‘precautionary’ suspension in Europe,” said Venkateswaran Lavanya of Mizuho Bank. Singapore:

“This has pushed back vaccination progress in Europe faster than in the United States,” Lavanyan said in a report.

The news is also bad for Japan aponia. Japan Aponia started vaccinating medical professionals with Pfizer products, but planned to use them from Moderna as well as AstraZeneca. AstraZeneca vaccines were to be manufactured in Japan in Aponia, unlike the other two brands.

The S&P 500 on Wall Street rose 0.7 percent to 3,368.94 after falling 0.5 percent in early trading, extending its winning streak for a fifth day. Technology stocks, airlines, tour operators and other companies that rely on consumer spending helped boost the market. Banks and energy resources were the only ones lagging behind.

Wall Street continues to look at the bond market, where the yield fell slightly from Friday’s sharp rise. Investors are focused on rebuilding the US and global economies from the coronavirus epidemic. The $ 1.9 trillion aid package for the US economy boosted investor confidence in a strong recovery from the epidemic in the second half of the year, but also raised concerns about a possible jump in inflation.

President Biden’s promise on May 1 to extend the vaccine to all Americans must also translate into faster economic growth.

The Dow Jones industrial average was up 0.5% at 32,953.46. Both figures reached all-time highs, breaking the record set on Friday.

The technical load of Nasdaq Composite increased by 1.1% to 13459.71, while the Russell 2000 index of small companies increased by 0.3% to 2,360.17%. That profit was enough for an all-time high.

The yield of the bonds has decreased. The 10-year US Treasury Bank fell from 1.61% to 1.59% on Monday. The slight decline in profitability has affected the bank’s shares, where investors have made large bets that higher yields will be turned into banks by charging higher interest rates on borrowers. Bank of America fell 0.5%, Wells Fargo fell 0.7% and Citigroup lost 1.3%.

Technology stocks, which have been hurt by rising bond yields, have resumed rising. Apple grew by 2.4% and Tesla Motor Co. by 2%. The bond market has largely reduced tech stocks this year as yields raise interest rates, making high-flying stocks more expensive.

Some economists fear that real inflation may have accelerated over the past decade amid growing demand from the government over increased spending. Others disagree, noting that there are 9.5 million fewer jobs in the US economy than there were before the epidemic, and argue that unemployment will save inflation.

United Airlines for the biggest profit of the S&P 500 grew by 8.3%, while American Airlines grew by 7.7%. Delta Air Lines gained 2.3% and JetBlue Airways 5.9%. The airline shares rally took place as the Transportation Security Administration surveyed more than 1.3 million people on Friday and Sunday, the highest number of trips since the coronavirus erupted a year ago.

The loss of American crude oil at the New York Mercantile Exchange at 63 cents reached $ 64.76 per barrel. It lost 22 cents to $ 65.39 on Monday. International Brent crude fell 62 cents to $ 68.26 a barrel.

In foreign exchange, the US dollar reached 109.14 against the Japanese yen against 109.13 yen. The value of the euro was 1.1934 dollars against 1.1928 dollars.

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MS Business Writers Damian Tro. Troyes և Alex Weigan contributed.

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