Asia-Pacific stocks rise; video sharing app Kuaishou set to make Hong Kong debut
5 Feb 2021 | SET News
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Asia-Pacific stocks rise; video sharing app Kuaishou set to make Hong Kong debut
Shares in Asia-Pacific rose in Friday morning trade after overnight gains stateside that saw the S&P 500 hitting a record closing high.
In Japan, the Nikkei 225 jumped 1.21% in early trade while the Topix index gained 1.01%. South Korea’s Kospi advanced 0.86%.
Shares in Australia rose as the S&P/ASX 200 gained 0.95%. The Reserve Bank of Australia is set to release its monetary policy statement around 8:30 a.m. HK/SIN.
Investor focus will likely be on the Hong Kong debut of China’s Kuaishou Technology, with shares of the short video app priced at 115 Hong Kong dollars (about $14.83) apiece.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.25% higher.
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