Economic News
ECONOMIC NEWS Value Previous % GCC 23-Nov-2020 Closing Change Stocks in Japan led gains among Asia-Pacific markets in Tuesday trade as investors in the region react to more positive coronavirus vaccine news, as well as U.S. President-elect Joe MSM 3,627.39 3,612.62 0.41% Biden’s choice of former Federal Reserve Chair Janet Yellen as Treasury secretary. In afternoon trade, the Nikkei 225 jumped 2.75% while the Topix index advanced 2.28%. Dubai 2,354.24 2,324.68 1.27% Markets in Japan were closed on Monday for a holiday. South Korea’s Kospi rose 0.54%, Abu Dhabi 4,974.28 4,934.73 0.80% while in Australia, the S&P/ASX 200 gained 1.5%. Mainland Chinese markets, on the other hand, were lower by the afternoon: the Shanghai composite dipped fractionally while Saudi Arabia 8,610.84 8,588.17 0.26% the Shenzhen component declined 0.169%. Hong Kong’s Hang Seng index was slightly Bahrain 1,460.64 1,458.54 0.14% higher. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.31%. Mainland Chinese markets, on the other hand, were lower by the afternoon: the Shanghai Qatar 10,329.65 10,202.78 1.24% composite dipped fractionally while the Shenzhen component declined 0.169%. Hong Kuwait 5,565.81 5,540.57 0.46% Kong’s Hang Seng index was slightly higher. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.31%. (CNBC) Egypt 10,885.11 10,858.26 0.25% 3,427.12 3,437.50 -0.30% Brent crude prices hit their highest levels since March as news of a third promising coronavirus vaccine candidate spurred hopes of a quicker recovery in oil Value demand, while U.S.
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