SINGAPORE – Stocks in Asia-Pacific rose during Friday trading after an overnight surge in the States, with the S&P 500 hitting all-time high.
Shares of China’s Kuaishou technology skyrocketed during their Hong Kong debut, skyrocketing nearly 200% from their issue price of 115 Hong Kong dollars (about $ 14.83) per share. The stock later offset those initial gains, but was still up more than 170% in morning trading.
Meanwhile, the Hong Kong benchmark Hang Seng index gained 0.81%. Shares in mainland China also advanced with the Shanghai composite up 0.36%, while the Shenzhen component was up 0.159%.
In Japan, the Nikkei 225 gained 1.04% while the Topix index rose 0.92%. South Korean Kospi was up 0.21%.
Shares in Australia rose while the S & P / ASX 200 gained 0.84%.
MSCI’s widest index of Asia-Pacific stocks outside Japan was up 0.37%.
Overnight on Wall Street, the S&P 500 rose 1.1% to a record high of 3,871.74. The Dow Jones Industrial Average rose 332.26 points to close at 31,055.86, while the Nasdaq Composite rose 1.2% to 13,777.74, also hitting a new high.
Currencies
The US dollar index, which tracks the greenback against a basket of its peers, was at 91,503 after previously climbing from levels below 91.2.
The Japanese yen was trading at 105.50 a dollar after weakening from levels below 105.2 from the greenback yesterday. The Australian dollar changed hands at $ 0.7594 after falling above $ 0.764 yesterday.
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