Asia trades higher amid data, vaccine optimism

Wednesday, 03. March 2021 07:27

Shares in the Asia-Pacific region traded in positive territory as the investors digested the latest PMI data from China and Japan. In Tokyo, Bank of Japan's board member Goushi Kataoka came out with the opinion that lowering the interest rates in the country would allow its economy to maintain fiscal stability.

On the COVID-19 front, Chinese jab maker Sinovac revealed that the company will boost its coronavirus vaccine production capacity to 2 billion doses per year.

Japan's Nikkei 225 went up by 0.51% at the close, with the Australian S&P 200, gaining 0.82% at the closing bell. South Korea's Kospi added 1.08% at 7:25 am CET. The dollar traded 0.12% higher against the yen, going for ¥106.8870 at 7:26 am CET, as Hong Kong's Hang Seng increased by 2.12% at the same time. In mainland China, the Shanghai Composite surged 1.64% at 7:11 am CET, with the Shenzhen Composite rising by 0.98% a minute later.

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