SINGAPORE — Shares in Asia-Pacific rose in Friday trade following overnight gains stateside that saw the S&P 500 hitting a record closing high.
Shares of China’s Kuaishou Technology soared in their Hong Kong debut, rocketing nearly 200% from their issue price of 115 Hong Kong dollars (about $14.83) per share. The stock later pared those initial gains, but was still up more than 150% by the afternoon.
Meanwhile, the benchmark Hang Seng index in Hong Kong gained 0.52%. Mainland Chinese stocks also advanced: The Shanghai composite was up 0.46% while the Shenzhen component rose 0.388%.
In Japan, the Nikkei 225 gained 1.41% while the Topix index rose 1.31%. South Korea’s Kospi advanced 0.43%.
Shares in Australia rose as the S&P/ASX 200 gained 1.1%.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.44%.
Overnight on Wall Street, the S&P 500 rose 1.1% to a record closing high of 3,871.74. The Dow Jones Industrial Average surged 332.26 points to close at 31,055.86 while the Nasdaq Composite advanced 1.2% to 13,777.74, also touching a new high.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.577 after earlier rising from levels below 91.2.
The Japanese yen traded at 105.54 per dollar after weakening from levels below 105.2 against the greenback yesterday. The Australian dollar changed hands at $0.7591, having slipped from above $0.764 yesterday.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.65% to $59.22 per barrel. U.S. crude futures gained 0.69% to $56.62 per barrel.
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Source: CNBC