Asian markets keep building on gains
On Wednesday, Asian stocks traded in positive territory, taking a lead from record revenues in America overnight, which were powered by ongoing post-election exuberance.
The S&P/ASX 200 XJO gained 1.2%, while South Korean Kospi SEU rose 0.6%. By the way, Japanese markets were unavailable for a public holiday.
On Tuesday, the Dow Jones Industrial Average concluded above 19,000 for the first time. The benchmark ended the day 0.4% higher, hitting 19,023.87 points. As for the S&P 500, it grew 0.2%.
Hong Kong’s Hang Seng Index added 0.3%, the Shanghai Composite SHCOMP tacked on 0.2% and Taiwan’s Taiex Y9999 ascended 0.5%.
In Australia, miners BHP Billiton BHP along with Rio Tinto RIO, +2.52% surged 2.6% and 2.2% respectively while Korean miner and steelmaker Posco005490 grew 1.6%.
On the London Metal Exchange, prices of copper, nickel as well as zinc were trading higher, as FactSet data states.
Additionally, in October, American homebuying activity surged for the second straight month to a new peak.