Asian stocks traded positive on Wednesday after the third consecutive uptrend on Wall Street, with markets in China and South Korea still closed for the lunar New Year holiday.
The Japanese Nikkei 225 index jumped 1.7% to 27,533.60 points.
The S & P / ASX 200 is up 1.2%, while the indices in New Zealand and Indonesia are gaining 1.9% and 1.1% respectively.
The data released today in New Zealand showed that the unemployment rate fell to a record low of 3.2%, with the Minister of Finance, Grant Robertson, talking about an “extremely positive” result.
On Wall Street, the indexes completed three consecutive uptrends yesterday, drawing momentum from the energy and technology sectors. Profits follow a strong sell-off in January, with the S&P 500 and Nasdaq experiencing the worst losses since March 2020 as investors try to gauge how the economy and corporate profits will be affected by upcoming US interest rate hikes. the Fed plans to tackle the four-decade high of inflation.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
