Stocks in Asia were lifted by the good performance from U.S. markets


Most of the markets in Asia started the Monday’s opening bell already on the upbeat zone. Indices were somehow supported by the good performance of U.S. markets. Kospi edged up about 1.1 percent.

Looking at Wall Street, indexes were supported by higher than expected earnings report form corporate companies. About 82 percent of companies released unexpectedly higher earning for last year’s fourth half on Friday, according to Reuters.

Both the NASDAQ composite and S&P 500 were 1 percent up on the day. Meanwhile, the 30-stock index Dow Jones industrial average added more than 223.92 points or 0.85 percent higher to finish at 26,616.71.

Back in Asia, the Japanese benchmark Nikkei 2254 index jumped as high as 0.43 percent as it was undermined by most large caps. SoftBank just traded above the flat line in early trade. Shares of Fast Retailing were 0.63 percent up and manufacturing firm Fanuc surged by 2.52 percent. Major auto stocks in Japan recorded gains with Toyota inching up by 0.04 percent in shares.

Across the Korean Strait, the Kospi index rose more than 1.05 percent, with its information and technology sector as the leading advancers. Chipmaker SK Hynix gained 1.46 percent in shares and tech giant Samsung Electronics was 1.22 percent before its fourth-quarter earnings report to be released this week.

In the Down Under, ASX 200 index jumped by 0.38 percent as markets in the nation continued to trade after the long weekend due to last week’s Australia Day.


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