SINGAPORE – Asia-Pacific stocks rose in trading on Friday after winning overnight in the US, which saw the S&P 500 hit a record high.
Shares of China Kuaishou Technology rose in their Hong Kong debut, with nearly 200% of the Hong Kong $ 115 issue price (about $ 14.83) per share. The stock subsequently reduced these initial gains, but continued to increase by more than 170% in morning transactions.
Meanwhile, Hong Kong’s Hang Seng benchmark gained 0.81%. Shares in mainland China also advanced: the Shanghai composite rose 0.36%, while the Shenzhen component rose 0.159%.
In Japan, the Nikkei 225 gained 1.04%, while the Topix index rose 0.92%. Kospi in South Korea advanced 0.21%.
Shares in Australia rose as the S & P / ASX 200 rose 0.84%.
The largest MSCI index of Asia-Pacific equities outside Japan traded 0.37% higher.
Overnight on Wall Street, the S&P 500 rose 1.1% to a record close of 3,871.74. The Dow Jones industrial average rose 332.26 points to 31,055.86, while the Nasdaq Composite rose 1.2% to 13,777.74, also reaching a new high.
Currency
The US dollar index, which tracks the dollar against a basket of its colleagues, was at 91,503, after rising earlier from levels below 91.2.
The Japanese yen traded at 105.50 per dollar, after weakening below 105.2 against the green dollar yesterday. The Australian dollar changed hands at $ 0.7594 after falling from $ 0.764 yesterday.
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