Asian Markets Surge Following Wall Street’s Best Performance in 6 Weeks

Asian stocks have gained momentum following a strong day on Wall Street. After the best close in six weeks, U.S. data have shown that the economy is continuing to grow and this positive news has spread around the world with Asian markets responding positively too.

In Japan, Tokyo’s Nikkei 225 index rose 1 percent while South Korea’s Kospi advanced 0.3 percent as investors welcomed Wall Street’s gains overnight, which was largely driven by technology shares and expectations of more stimulus from central banks globally to support economic growth during these uncertain times due to coronavirus pandemic.

Meanwhile, Hong Kong’s Hang Seng Index climbed 0.4% after China reported its first quarter GDP grew by 3%. This was better than expected despite being down 6% year-on-year as it continues its recovery from Covid-19 shutdowns earlier this year. Australia’s S&P/ASX 200 added 0.8%, while Singapore’s Straits Times Index edged up 0..2%.

Overall, investors are feeling optimistic about global markets given recent good news coming out of America and other countries across Asia showing signs of economic improvement despite the continued disruption caused by virus outbreaks in some areas, such as India where cases remain high but an effective vaccine rollout could help contain further damage done by covid 19.