Japan’s Nikkei 225 surges to levels not seen since early 1990s; Asia-Pacific markets mixed

Stocks in Asia-Pacific were mixed in Tuesday trade following overnight gains on Wall Street that sent the major averages to record highs.

In Japan, the Nikkei 225 gained 1.96% — trading at levels not seen since August 1990, according to data from Refinitiv. Shares of index heavyweight Fast Retailing and conglomerate Softbank Group gained more than 3% each. The Topix index advanced 1.36%.

South Korea’s Kospi was fractionally lower.

Mainland Chinese stocks were lower by the afternoon, with the Shanghai composite down 0.33% while the Shenzhen component dipped 0.338%. Hong Kong’s Hang Seng index gained 1.05%.

Shares in Australia rose following their return from a Monday holiday, with the S&P/ASX 200 up 0.44%.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.47%.

Source: https://www.cnbc.com/2020/12/29/asia-markets-wall-street-us-stimulus-coronavirus-currencies.html

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