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Asian Stock Market rises with new hopes after lockdown ease in Europe


Syed Umarullah HussainiWeb Editor

02nd Jul, 2020. 10:23 am
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On Thursday, Asian markets rose following a record lead from Wall Street, with investors delighted by hopes after lockdown easing in Europe.

According to details, Hong Kong led the gains on reopening after a one-day break and respite of the trade war between China and United States, markets remain positive for now.

The Hang Seng Index rose 1.6 percent, Tokyo ended the morning 0.7 percent higher and Sydney put on more than one percent.

Shanghai, Seoul, Taipei, Singapore, Jakarta, and Wellington were also well up.

The gains came after another all-time high for the tech-heavy Nasdaq on Wall Street, with investors now awaiting the release of key US June jobs data later in the day for a better grip on the economy following May’s surprise jump in employment.

On the other hand Europe continued with its lockdown easing, with the EU reopening its borders to visitors from 15 countries, while Spain and Portugal held a ceremony to free up their land border.

And the Netherlands confirmed the lifting of measures imposed on its brothels and red-light districts.