Regional markets climb

Tuesday, June 30, 2020

Regional markets climbed today, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks.

Tokyo stocks advanced.The 225-issue Nikkei Stock Average added 386.18 points, or 1.76 percent, at 22,381.22. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained by 18.68 points, or 1.21 percent, at 1,567.90.

South Korea's Kospi added 1.5 percent at 2,123.85.

Australian shares have clawed back yesterday's heavy losses, as the turbulent financial year draws to a close. By 12:40pm local time, the benchmark ASX 200 index had risen by 1.5 percent to 5,901 points.

The Australian dollar gained slightly, by 0.1pc at 68.73 US cents.

Analysts say questions remain on how the global economy will hold up as coronavirus outbreaks expand. Japan's economy has been gradually reopening with social distancing restrictions.
"These will be important questions to answer as equity markets hang in a delicate balance at present,'' Jingyi Pan, market strategist at IG, said in a commentary.-AP/The Standard