Asian stocks hit an all-time high and U.S. equity futures gained on Wednesday as investors followed positive news on Covid-19 vaccines and ongoing efforts to launch more fiscal stimulus, Reuters reports.
The largest MSCI index of Asia-Pacific stocks outside of Japan rose 0.51%. At one point, the index hit 646.10, an all-time high.
MSCI’s share gauge across the world also hit an all-time high.
Australian stocks gained 0.69%. Japan’s Nikkei rose 1.01% to approach a 29 1/2 year high. Sentiment was strengthened after Japanese data indicated a rebound in capital spending.
Stocks in China rose 0.15%. South Korean stocks also jumped 1.26% to trade near a record high.
US S&P 500 e-mini stock futures rose 0.11% in Asian trading after Wall Street shares hit new records on Tuesday, boosted by positive vaccine news and apparent progress in the American stimulus negotiations.