{"id":7328,"date":"2021-02-09T03:04:19","date_gmt":"2021-02-09T03:04:19","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/09\/asian-shares-mixed-in-cautious-trade\/"},"modified":"2021-02-09T03:04:19","modified_gmt":"2021-02-09T03:04:19","slug":"asian-shares-mixed-in-cautious-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/09\/asian-shares-mixed-in-cautious-trade\/","title":{"rendered":"Asian Shares Mixed In Cautious Trade"},"content":{"rendered":"
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Asian stocks are trading mixed on Tuesday despite the three major U.S. indexes setting another round of record highs overnight. The dollar hovered near its lowest in a week, sending gold and oil prices higher.<\/p>\n

The spotlight remains on bitcoin, which reached a record above $47,000, building on a nearly 20 percent surge overnight after news emerged that Elon Musk’s electric carmaker Tesla invested $1.5 billion in the digital currency. <\/p>\n

China’s Shanghai Composite index was up 0.4 percent and Hong Kong’s Hang Seng index was marginally higher as investors cheered Beijing’s latest reform measures for the stock market. <\/p>\n

Japan’s Nikkei index rose about half a percent and the yen held flat against the dollar as U.S. lawmakers edged closer to a new stimulus for the world’s top economy<\/span> and Prime Minister Yoshihide Suga’s Cabinet decided to disburse 1.14 trillion yen ($11 billion) from reserve funds for fiscal 2020. The country hopes to begin vaccinating selected healthcare workers against Covid-19 next week.<\/p>\n

Seoul stocks advanced, with the Kospi average climbing 0.8 percent to rise above the 3,100-point threshold amid strong foreign and institutional buying. <\/p>\n

Tech heavyweights led the surge while automakers recovered some ground after sharp falls in the previous session. <\/p>\n

Australia’s benchmark S&P\/ASX 200 was down about half a percent and New Zealand’s NZX-50 index was losing 0.6 percent. <\/p>\n

U.S. stocks hit fresh record closing highs overnight as investors held out hopes of a robust stimulus package.<\/p>\n

The Dow Jones Industrial Average rose 0.8 percent, the tech-heavy Nasdaq Composite gained 1 percent and the S&P 500 added 0.7 percent.<\/p>\n

European stocks also advanced on Monday, with sentiment buoyed by slowing coronavirus<\/span> infections globally and the prospect of additional U.S. stimulus.<\/p>\n

The pan European Stoxx 600 edged up 0.3 percent. The German DAX finished marginally higher, while France’s CAC 40 index and the U.K.’s FTSE 100 both rose about half a percent. <\/p>\n<\/p>\n<\/div>\n