Asian stocks gained the most in a week on Tuesday
Asian stocks gained the most in a week on Tuesday after a drop in coronavirus hospitalizations in some U.S. states, even as global cases topped 20 million. The dollar slipped.
Japanese and Hong Kong equities rose more than 2%. Shares advanced in Australia and South Korea. S&P 500 futures rose, putting the benchmark on course to approach its all-time high from February. European contracts advanced. Yields on 10-year Treasuries hovered near two-week highs.
- S&P 500 futures rose 0.3% as of 2:55 p.m. in Tokyo.
- The S&P 500 Index increased 0.3%.Topix index rose 2.5%.
- Australia’s S&P/ASX 200 Index index rose 0.5%.
- South Korea’s Kospi index climbed 1.4%.
- Hong Kong’s Hang Seng Index rose 2.4%.Euro Stoxx 50 futures climbed about 1%.
- MSCI Asia Pacific Index added 1.3%.
- The yen dipped to 106.1 per dollar.
- The offshore yuan rose 0.2% to 6.9461 per dollar.
- The euro traded at $1.1752, up 0.1%.
- The yield on 10-year Treasuries was at 0.58%.
- Australia’s 10-year bond yield rose one basis point to 0.87%.
- West Texas Intermediate crude rose 0.8% to $42.3 a barrel.
- Gold traded at $2,007.5 an ounce, down about 1%.