Asian stock markets are mostly higher after Wall Street hit a record high on optimism the spread of coronavirus vaccines might allow global business to return to normal
BEIJING — Asian stock markets were mostly higher Monday after Wall Street hit a record high on optimism the spread of coronavirus vaccines might allow global business to return to normal.
Tokyo rose while Seoul swung between gains and losses. Markets in Shanghai, Hong Kong and Australia were closed for holidays.
On Thursday, Wall Street’s benchmark S&P 500 index rose 1.2% on its last trading day before the holiday weekend, closing above 4,000 points for the first time.
The Nikkei 225 in Tokyo rose 0.8% to 30,083.19 while the Kospi in Seoul was up less than 0.1% at 3,111.64 at mid-morning. Market benchmarks in Singapore, Bangkok and Jakarta advanced.
Investors…
