Asian stocks followed their U.S. peers higher Friday as a surge in technology shares and continued hopes for more stimulus boosted sentiment. Treasuries slipped and the dollar steadied after overnight gains.
Stocks climbed across much of the region, with South Korea outperforming after Hyundai Motor Co. said it is in early talks with Apple Inc. over developing self-driving electric vehicles. Hong Kong rose, weathering MSCI Inc.’s decision to remove China’s three major telecommunications companies from its benchmark indexes.
U.S. futures advanced after all major equity indexes notched records, with about 70% of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5%. The Dow Jones Transportation Average -- a proxy for economic activity -- also hit an all-time high, while the Russell 2000 Index of small caps extended a three-day advance to almost 8%. Benchmark Treasury yields climbed toward 1.10%.
Elsewhere, Bitcoin dropped after topping $40,000. Oil edged higher and gold dipped.
US After Hours SRPT -49.7% falls on data for SRP-9001; BA -0.7% ticks lower as DOJ fines BA over $2.5 bln; MRUS +30.6% jumps after it receives FDA Fast Track designation; FFIV +5.5% higher on guidance and deal to acquire Volterra
Nikkei +2.36% Hang Seng +1.20% CSI -0.68% Shanghai -0.41% Shenzen -0.60%
Eur$ 1.2264 CNH 6.4583 CNY 6.4663 JPY 103.88 GBP 1.3572 CHF 0.8855 RUB 74.25 TRY 7.3319 WTI$ 51.14 +0.61%
S&P +0.43% Nasdaq +0.28% EuroStoxx +0.61% FTSE +0.42% Dax +0.69% SMI +0.25%
Macro :
- FTSE to Delete 4 Stocks From China 50 Index, Effective Jan. 11
- Element Capital to Return $2b After Profiting in Pandemic: FT
- Fund Flows Favor U.S. Stocks, China ETFs See Outflows, Citi Says
- MSCI Index Deletions Trigger Rush to Sell Chinese Telecom Stocks
- France to Invest EU20B Through 2025 for Innovation: Les Echos
Keep an eye on :
- AAPL US : Apple May Team Up With Hyundai for Cars: Korea Economic Daily TV
- ARGX BB : Argenx Sees 2021 Cash Burn About Double Y/Y
- ATO FP : Atos Bid for DXC Implies $29/Share Valuation: Morgan Stanley
- BBVA SM : BBVA Says Shutting Down Banking App Simple: TechCrunch
- BP/ LN : BP Reopens Sale of Oil Field Stakes in the North Sea: Reuters
- CAST SS : CEO of Castellum Touts $4.4 Billion Bid in Entra Takeover Battle
- CMBN SW : Cembra Money Bank Names Holger Laubenthal New CEO
- CNHI IM : Italian Unions Seek Guarantees From CNH Amid Talks With FAW
- CSGN SW : Credit Suisse to Boost Provisions by $850 Million for RMBS Cases
- DAI GY : Mercedes Meets European CO2 Targets as Sales Recovery Continues
- EDF FP : France Should Cut Electricity Use Friday Amid Cold Weather: RTE
- ENEL IM : Enel, Qatar’s Sovereign Fund to Develop Renewables in Africa
- ISP IM : Intesa to Buy Prudential Stake in Asset Manager Pramerica Sgr
- LSE LN : Investors Balk at Proposed Revamp of U.K. IPO Rules: ECM Watch
- NEX LN : Sky News Business: National Express and Megabus suspend services https://t.co/KOdWDamwSB
- ROG SW : Roche Granted FDA Orphan Drug Status for Tiragolumab
- ROR GY : Sunmirror Seeks to Raise Up to CHF70m in Private Placement
- SIG LN : Signature Aviation Confirms Approach From Carlyle
- SEV FP : Suez Board Will Weigh Veolia’s Offer Against Alternatives
- SW FP : Sodexo Ups 1H Underlying Oper profit Margin Target
- FTI FP : Technipfmc Resumes Split Plan, Via Spinoff of Energies Stake
- TEF SM : Millicom Loses Attempt to Block Telefonica’s New York Lawsuit
- TCM LN : U-Blox Still Sees Strategic Rationale of a Telit Combination
- TRI FP : Trigano 1Q Sales +28.7%
- UBER US : Uber 38m Shrs Are Said Offered at $53.90-56.13/Shr
- UCG IM : UniCredit Shareholders Including Del Vecchio Oppose Paschi Deal