Bulletin
Investor Alert

Asia Markets Archives | Email alerts

March 16, 2021, 12:02 a.m. EDT

Asian markets rise on optimism over U.S. stimulus

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)

or Cancel Already have a watchlist? Log In

By MarketWatch

Asian markets advanced in early trading Tuesday, after Wall Street hit new records and ahead of the U.S. Federal Reserve meeting.

Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -0.03% rose 0.6% and Hong Kong’s Hang Seng index /zigman2/quotes/210598030/delayed HK:HSI +0.36% gained 0.5%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.58% inched 0.2% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.60% advanced 0.4%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.77% rose 0.5%. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.13% jumped 1.3%, powered by bank stocks such as Commonwealth Bank /zigman2/quotes/200638713/delayed AU:CBA -0.48% and ANZ /zigman2/quotes/205482049/delayed AU:ANZ -1.53% . Stocks dipped in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.14% after the government found uncertain labor market conditions , but benchmark indexes gained in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.32% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.20% .

“The $1.9 [trillion] stimulus package in the U.S. will lead to a stronger U.S. and global recovery,  hence more exports for China, which continues to resonate through Asia risk sentiment as the global synchronized growth story looks more in sync than only one week ago,” Stephen Innes, chief global markets strategist at Axi, wrote in a note.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.04% and S&P 500 /zigman2/quotes/210599714/realtime SPX +0.19% each hit new highs Monday, while the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.35% rose more than 1% as investors welcomed the stimulus package signed last week by President Joe Biden and shook off six weeks of rising Treasury yields.

Fed Chairman Jerome Powell is expected to speak Wednesday after the Fed’s two-day meeting , with investors expecting an update on the Fed’s assessment of the economy.

Benchmark U.S. crude  dipped to $64.86 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude , the international standard for pricing, slipped to $68.30 per barrel.

The U.S. dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.3238%  was little changed at 109.17 Japanese yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,948.73
-9.83 -0.03%
Volume: 0.00
June 11, 2021 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,842.13
+103.25 +0.36%
Volume: 2.04M
June 11, 2021 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,589.75
-21.11 -0.58%
Volume: 36.06B
June 11, 2021 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,407.93
-14.65 -0.60%
Volume: 45.26B
June 11, 2021 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,249.32
+24.68 +0.77%
Volume: 1.65M
June 11, 2021 3:32p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,312.30
+9.80 +0.13%
Volume: 556,874
June 11, 2021 5:36p
loading...
/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 101.36
-0.49 -0.48%
Volume: 1.74M
June 11, 2021 4:10p
P/E Ratio
22.56
Dividend Yield
2.45%
Market Cap
$179.64 billion
Rev. per Employee
$917,769
loading...
/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 28.25
-0.44 -1.53%
Volume: 5.32M
June 11, 2021 4:10p
P/E Ratio
17.15
Dividend Yield
3.72%
Market Cap
$80.26 billion
Rev. per Employee
$778,092
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,157.97
-4.53 -0.14%
Volume: 0.00
June 11, 2021 5:20p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
17,213.52
+54.30 +0.32%
Volume: 0.00
June 11, 2021 1:33p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,095.50
-12.04 -0.20%
Volume: 0.00
June 11, 2021 3:00p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,479.60
+13.36 +0.04%
Volume: 262.62M
June 11, 2021 5:16p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,247.44
+8.26 +0.19%
Volume: 1.69B
June 11, 2021 5:16p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
14,069.42
+49.09 +0.35%
Volume: 3.84M
June 11, 2021 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.6780
+0.3540 +0.3238%
Volume: 0.0000
June 11, 2021 4:59p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.