Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Investors lost 37% by missing this ONE signal 😵
Read now
Asia Stocks Boosted By Wall Street
www.investing.com/analysis/asia-stocks-boosted-by-wall-street-200555746
Asia Stocks Boosted By Wall Street
By MarketPulse (Jeffrey Halley) | Jan 13, 2021 04:08AM ET Wall Street comeback lifts Asian equities
The range-trading nature of this week saw Wall Street rise modestly overnight, mostly because US yields remained unchanged. There is nervousness out there in the equity markets, with its stretched valuations on traditional methodologies. Three Federal Reserve officials spoke overnight, and from what I can tell, all were very dovish. All were optimistic for an acceleration of the US recovery in the second half of the year, and all appeared comfortable with rising inflation.
The S&P 500 rose 0.12%, the NASDAQ rose 0.32%, and the Dow Jones rose 0.19%. With the White House quiet and a modest data calendar, that has been enough to greenlight a rally in Asian equities today.
The Nikkei 225 has risen 0.63% with the KOSPI increasing 0.50%. In China, the Shanghai Composite is 0.20% higher, with the CSI 300 unchanged. Hong Kong has risen by 0.05%. Singapore has climbed 0.40%, with technology driving an impressive 1.35% rally in Taipei today. The cancellation of the US ambassadorial visit to Taiwan has also caused a collective sigh of relief in Taiwan markets.
Kuala Lumpur has rallied an impressive 1.30% today. As noted yesterday, the state emergency decree has removed political risk from the Malaysian stage for the next eight months, even if the reasoning behind it may be politically dubious to some. Bangkok and Jakarta have risen by 0.50%, while Australia’s All Ordinaries and ASX 200 are ranging either side of unchanged.
European equities should also move higher in sympathy. However, sentiment may be muted after Reuters has reported that the US is threatening European companies working on the Nord Stream 2 pipeline with sanctions. The Reuters article says that the threat is wide-ranging, encompassing construction equipment, certification and even European insurers’ insuring aspect. A Biden administration is likely to be tougher than a Trump one on Russia arguably, and this development is unlikely to be reversed come Jan. 20. If anything, it may tighten sanction threats, and that may dampen European equities this afternoon.
Related Articles
Gold Miners Have Been Cast Aside—But Smart Money May Be Rotating in
By Gary Tanashian - Mar 10, 2025
Through many years of frustration among gold bugs due to the failure of gold stock prices to leverage the gold prices in a positive way, there were very clear reasons for that...
S&P 500, Russell 2000 Break Key Trendlines - Deeper Correction Ahead?
By Declan Fallon - Mar 10, 2025
1
I know there is the smell of fear in the air when I see my readership double as we reach a point where weekly chart factors come into play. Up until last week, markets have...
One Must-Buy Stock and One to Avoid as Tariffs Shake the Market
By Gabriel Osorio-Mazzilli - Mar 10, 2025
Professional traders get paid because of one skill and one skill only: the ability to foresee what the world (or the economy, at least) might look like in six to nine months....
Asia Stocks Boosted By Wall Street
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.