Wall Street rally, currencies and oil
SINGAPORE – Asia-Pacific stocks rose Friday morning after overnight gains on Wall Street as the S&P 500 jumped nearly 2%.
In Japan, the Nikkei 225 climbed 0.81% while the Topix index rose 1.02%. South Korean Kospi gained 0.93%.
Australian stocks edged up as the S & P / ASX 200 rose 0.54%.
The MSCI’s largest Asia-Pacific stock index outside of Japan traded up 0.33%.
Hong Kong stocks are expected to resume trading on Friday after the city’s markets closed for two days.
Overnight on Wall Street, the S&P 500 surged 1.71% to 4,428.26 – its biggest jump since March – as investors applauded better-than-expected earnings reports from large companies such as Bank of America.
The Dow Jones Industrial Average gained 534.75 points to 34,912.56 while the Nasdaq Composite rose 1.73% to 14,823.43.
Currencies and oil
The US dollar index, which tracks the greenback against a basket of its peers, was at 94.036 after weakening earlier this week above 94.5.
The Japanese yen was trading at 113.81 per dollar, still weaker than the levels below 112.8 seen against the greenback earlier this week. The Australian dollar changed hands to $ 0.7415 after rising below $ 0.74 yesterday.
Oil prices were higher on the morning of trading hours in Asia, as international benchmark Brent crude futures rose 0.42% to $ 84.35 a barrel. US crude futures gained 0.44% to $ 81.67 per barrel.