SINGAPORE – Asia-Pacific equities rose in Friday’s trading after overnight gains in the United States, which saw the S&P 500 reach a record high close.
China’s Kuaishou Technology shares soared on their Hong Kong debut, shooting nearly 200% from Hong Kong’s $ 115 (about $ 14.83) issue price per share. The stock later reduced initial gains, but was still up more than 170% in morning trading.
Meanwhile, the Hang Seng benchmark in Hong Kong rose 0.81%. Mainland China shares also advanced: the Shanghai compound was up 0.36%, while the Shenzhen component was up 0.159%.
In Japan, the Nikkei 225 gained 1.04%, while the Topix index rose 0.92%. South Korea’s Kospi advanced 0.21%.
Australia’s shares rose with the S & P / ASX 200 gaining 0.84%.
The broader MSCI index for Asia Pacific stocks outside Japan was trading 0.37% above.
Overnight on Wall Street, the S&P 500 rose 1.1% to a record high close 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 touching a new high.
Coins
The US dollar index, which tracks the US dollar against a basket of its peers, was at 91.503, after rising from levels below 91.2.
The yen was trading at 105.50 per dollar, after weakening from levels below 105.2 against the dollar yesterday. The Australian dollar changed hands at $ 0.75594, having dropped from $ 0.764 yesterday.
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