NEW YORK, July 9 ― Asian stocks were expected to rise today, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season. Australian S&P/ASX 200 futures were up 0.85 per cent, Japan's Nikkei 225 futures...
Australian S&P/ASX 200 futures were up 0.85 per cent, Japan's Nikkei 225 futures added 0.16 per cent, and Hong Kong's Hang Seng index futures rose 0.82 per cent. — Reuters pic
Australian S&P/ASX 200 futures were up 0.85 per cent, Japan's Nikkei 225 futures added 0.16 per cent, and Hong Kong's Hang Seng index futures rose 0.82 per cent.“Risk sentiment remains resilient ahead of next week's key earnings reports,” said NAB economist Tapas Strickland. Demand for technology stocks lifted US shares and helped the Nasdaq add 1.44 per cent to 10,492.50, its fourth record closing high in five days.MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.29 per cent higher, helped by Chinese stocks, which have rallied for seven-straight days. Emerging market stocks rose 1.67 per cent.
The passing of the key technical threshold for gold came as the US coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases, and as seven states reported record numbers of new infections.
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