Asia-Pacific Stocks

Asia-Pacific stocks soar to 3-week high

On Monday, Asia-Pacific stocks touched a three-week high as investors looked ahead to major economic data releases later in the week.

Accordingly, the MSCI’s broadest index of the region outside Japan surged 2.07% or 11.21 points to the 554.06 level.

Japanese shares led the gains among the Asia-Pacific stocks. The Nikkei 225 index advanced 2.19% or 587.75 points to the 27,369.43 level.

The benchmark’s top performer, Recruit Holdings, rocketed 6.68% or 2.31 points to $36.85 per share. Eventually, robot maker Fanuc increased 4.66% or 7.46 points to $167.35 per share.

Market heavyweight SoftBank Group rose 0.32% or 0.13 points to $42.07 per share. Consequently, Uniqlo operator Fast Retailing hiked 3.27% or 15.31 points to $483.64 per share.

Among automakers, Honda climbed 1.27% or 0.31 points to $25.00 per share. At the same time, Toyota jumped 2.04% or 0.33 points to $16.69 per share.

In addition, the entertainment giant Sony Group soared 4.99% or 4.48 points to $94.18 per share.

Moreover, the broader TOPIX index also contributed gains to the Asia-Pacific stocks. The benchmark advanced 1.86% or 35.14 points to the 1,922.44 level.

Asia-Pacific stocks rose; Hang Seng 2.06% up

Hong Kong stocks also supported the upward movement of major Asia-Pacific stocks. The Hang Seng index accelerated by 2.06% or 426.57 points to the 21,123.93 level.

Remarkably, Chinese sportswear company Li Ning skyrocketed 11.02% or 0.74 points to $7.45 per share.

In mainland China, the Shanghai Composite index widened by 0.60% or 18.82 points to the 3,149.06 level.

Likewise, the benchmark Shenzhen Component enhanced 1.04% or 116.70 points to the 11,310.28 level.

Furthermore, South Korea’s KOSPI also saw robust gains like the other Asia-Pacific stocks. It escalated by 1.20% or 31.61 points to the 2,669.66 level.

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