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Asia Pacific stocks jump as investors shrug off rising coronavirus cases


Monday, 13 July 2020 07:51 WIB

MSCI Asia PacificBursa Asia


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


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