On Wednesday, American President Joe Biden announced as the nation goes for the vaccinations and testing process. As the result, the global markets went higher yesterday. Followed by, the Asian Stock Markets also closed at higher levels. However, the investors felt comfort with Joe Biden’s statement. Further, the US centre does not give an excuse for travel restrictions in response to the omicron COVID variant.
Tokyo, Hong Kong, and Seoul advanced while Shanghai was down less than 0.1%.
Wall Street rose, breaking a three-day decline and recovering the previous day’s losses.
Further, the US president said around 500 million free rapid-test kits may available for free through the government. Further, it also plans to increase vaccination in the country.
However, the government does not announce any updates regarding travel bans or restrictions. Those may stand as cause of low economy. In addition, other countries in the world already increased the travel restraints.
“GROWTH IS OFTEN UNCOMFORTABLE, MESSY, AND FULL OF FEELINGS YOU WEREN’T EXPECTING.”
Asian Stock Markets Today
The Dow Jones Industrial Average increased by 560.54 points at a 35,492.70 level. On the other hand, the S&P 500 gained 81.21 points at the 4,649.23 level. On the same day, Nasdaq Composite increased 360.14 points at the 15,341.09 level.
Australian shares traded with a loss of 0.10% as a result of the US dollar price raised.
Today, the Indian stock exchanges opened with a positive node. The BSE Sensex opened with a gain of 280.46 points at the 56,599.47 level. On the other hand, Nifty started its trading session with an advance of 94.70 points at a 16,865.55 level.
At the end of the trading session, both BSE and NSE indexes closed around 611.55 and 184.60 points at 56,930.56 and 16,955.45 levels, respectively.