Australian shares closed higher on Monday with heavyweight energy and mining firms leading the charge, as lifting of border curbs in the country’s two most populous states boosted risk appetite, while New Zealand ended firmer on record retail sales. The country’s two most populous states reopened borders after more than four months, bolstering hopes of a speedy revival from the coronavirus-induced economic fallout.
South Korean shares rose on Monday as heavyweights Samsung Electronics and SK Hynix jumped on recovering demand and an upbeat outlook for the chip industry, even as tightening COVID-19 curbs at home limited gains.
China stocks climbed on Monday, helped by strong gains in cyclical firms on domestic and global economic recovery hopes, fuelled by COVID-19 vaccine progress. Hong Kong shares closed higher on Monday as cyclical stocks rose on hopes of a vaccine-led recovery, although Sino-U.S. tensions capped gains.
European shares closed lower on Monday as investors weighed signs of progress in developing a COVID-19 vaccine against the threat of economic damage from sweeping business restrictions to contain a surge in infections.
US: Dow Jones Surges More Than 300 Points, Led By Boeing, Walt Disney, Chevron. The Dow Jones strengthened in the afternoon on reports President-Elect Joe Biden will nominate Janet Yellen for Treasury secretary.
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