Stocks in Asia traded higher on Monday morning as investors shrug off concerns over the rising number of coronavirus cases stateside.
The Nikkei 225 in Japan rose 1.34% in early trade as shares of conglomerate Softbank Group and robot maker Fanuc jumped more than 2% each. The Topix index also advanced 1.44%. South Korea’s Kospi gained 0.6%.
Meanwhile, Australia’s S&P/ASX 200 added 1.44% as shares of major banks such as Commonwealth Bank of Australia and Westpac surged more than 2% each.
Overall, the MSCI Asia ex-Japan index traded 0.24% higher.
The World Health Organization on Sunday reported a record daily rise in global coronavirus cases, according to Reuters. Stateside, Florida on Sunday reported more than 15,000 new coronavirus infections — the highest single day total to date for any U.S. state since the pandemic began in the country.
Source: CNBC