SINGAPORE – Shares in Asia-Pacific rose in trading on Friday after winning overnight in the state that saw the S&P 500 hit a record high.
Shares of Chinese technology Kuaishou soared in its Hong Kong debut, firing nearly 200% of Hong Kong’s $ 115 (about $ 14.83) share price per share. Subsequently, stocks reduced these initial gains, but still increased by more than 170% in morning trading.
Meanwhile, the Hang Seng benchmark in Hong Kong rose 0.81%. Shares in mainland China also advanced: the Shanghai compound rose 0.36%, while the Shenzhen component rose 0.159%.
In Japan, the Nikkei 225 gained 1.04%, while the Topix index rose 0.92%. Kospi, of South Korea, advanced 0.21%.
Shares in Australia rose as the S & P / ASX 200 rose 0.84%.
MSCI’s broader Asia-Pacific stock index outside Japan traded 0.37% higher.
Overnight on Wall Street, the S&P 500 rose 1.1% to a record high of 3,871.74. The Dow Jones Industrial Average rose 332.26 points to close at 31,055.86, while the Nasdaq Composite advanced 1.2% to 13,777.74, also hitting a new high.
Coins
The US dollar index, which tracks the greenback against a basket of its peers, stood at 91,503 after having previously risen from levels below 91.2.
The Japanese yen traded at 105.50 per dollar after weakening yesterday from levels below 105.2 against the green dollar. The Australian dollar changed hands at $ 0.7594, after falling above $ 0.764 yesterday.
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