Home WORLD-NEWS Shares in Asia Pacific Rise; bitcoin bounces back

Shares in Asia Pacific Rise; bitcoin bounces back

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SINGAPORE — Stocks in Asia-Pacific were higher in trading Thursday morning, while markets in Japan were closed for a holiday.

South Korea’s Kospi gained 0.78% in morning trading, while shares of chipmaker SK Hynix rose more than 1%.

Elsewhere, Australia’s S&P/ASX 200 rose 0.68%.

MSCI’s broadest index of Asia-Pacific stocks outside of Japan was up 0.32%.

Still, concerns about the coronavirus situation in Asia-Pacific could continue to weigh on regional sentiment on Thursday. Australia’s two largest states reported a sharp rise in new Covid infections on Wednesday, while Indonesia saw record deaths from the virus, according to Reuters.

The markets in Japan are closed on Thursday for a holiday.

Meanwhile, bitcoin price bounced back after dropping below $30,000 recently. It was trading at $32,142.16 as of 8:11 p.m. ET Wednesday, according to Coin Metrics.

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Overnight, the Dow Jones Industrial Average gained 286.01 points to 34,798, while the S&P 500 rose 0.82% to 4,358.69. The Nasdaq Composite rose 0.92% to 14,631.95.

Currencies and Oil

The US dollar index, which tracks the greenback against a basket of its peers, stood at 92,805 after a recent decline above 93.

The Japanese yen traded at 110.21 per dollar, weaker than levels below 109.5 seen against the greenback earlier this week. The Australian dollar traded at USD 0.7351, above levels below USD 0.732 seen yesterday.

Oil prices were slightly lower in the morning of trading hours in Asia on Thursday, with international benchmark Brent oil futures below the flatline trading at $72.20 a barrel. US crude oil futures were slightly lower at $70.26 a barrel.

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