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Joe Biden Janet Yellen South Korea Japan Singapore Hong Kong Australia city Tokyo city Shanghai pandemic vaccine economy Coronavirus Joe Biden Janet Yellen South Korea Japan Singapore Hong Kong Australia city Tokyo city Shanghai

Asian shares mostly rise after Dow crests 30,000 points

Joe Biden Janet Yellen South Korea Japan Singapore Hong Kong Australia city Tokyo city Shanghai pandemic vaccine economy Coronavirus
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TOKYO – Asian shares mostly rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood.Japan's benchmark Nikkei 225 edged up 0.5% to finish at 26,296.86.

Australia's S&P/ASX 200 gained 0.6% to 6,683.30. South Korea's Kospi lost early gains to decline 0.6% to 2,601.54. Hong Kong's Hang Seng rose 0.2% to 26,636.98, while the Shanghai Composite dipped 1.2% to 3,362.33.

Jingyi Pan, senior market strategist at IG in Singapore, noted news that the transition of power in the U.S. to President-elect Joe Biden will finally begin, as well as his selection of former Fed chair Janet Yellen as treasury.

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United States
United States
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Deaths: 750 423
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Cases: 34 321 025
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Brazil
Cases: 21 835 785
Deaths: 608 235
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United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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