Tokyo: Most of the Asian markets are on the upside during trading on Thursday due to the resumption of hopes of new relief measures to support the economy in America. US President Donald Trump has agreed to pursue the process again after announcing the closure of negotiations with the opposition Democratic Party over new relief measures. This has raised hopes that a new relief package may be announced ahead of the proposed presidential election in November.
In the Asian markets, Japan’s Nikki was up 225 points, or 0.90 percent, at 23,636.35 points. Similarly, South Korea’s Kospi was up 0.2 percent at 2,391.63. Australia’s S&P / ASX 200, meanwhile, jumped 1.4 percent to 6,119.20. However, Hong Kong’s Hang Seng fell 0.8 percent to 24,048.48. The business was closed due to a public holiday in China’s Shanghai Composite. Rikki Ogawa of Mizuho Bank in Singapore said that investor sentiment is fluctuating due to the ongoing outcry over Trump’s signature on relief measures. He said that this uncertainty may persist during the ongoing campaigning for the presidential election and possibly even after voting. On Wednesday, the US Dow Jones Industrial Average gained 1.9 percent to 28,303.46 points and the Nasdaq gained 1.9 percent to 11,364.60.
