Asia-Pacific trades higher on global recovery hopes

Friday, 25. June 2021 07:28

Major stock markets in the Asia-Pacific region traded higher on Friday, as investors hoped that the recent record highs on Wall Street are an indication of a more global economic recovery. Meanwhile, consumer prices in Tokyo remained unchanged in June, but Australia's fight against the pandemic took a step back as rising infections in Sydney prompted new lockdowns.

The Nikkei 225 increased 0.68% at 7:24 am CET, while the dollar stood flat against the yen at the same time trading for ¥110.8555. The Kospi Composite gained 0.50% at 7:25 am CET, as Australia's S&P/ASX 200 was up by 0.49%.

In mainland China, the Shenzen Composite rose 1.22% at 7:26 am CET, while the Shanghai Composite traded 0.98% higher. Over in Hong Kong, the Hang Seng increased 1.13% a minute later.

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