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Asian stocks climb after big Wall Street gains

Asian stocks climb after big Wall Street gains

Asian stock markets rose in early trading Friday after big gains on Wall Street and a stronger euro.
Japan's Nikkei 225 stock average climbed 1.5 percent to 9,779.49, South Korea's Kospi gained 0.8 percent to 1,620.34, and Australia's S&P/ASX 200 added 1.5 percent to 4,443.20.
Overnight in New York, the Dow Jones industrial average shot up 2.9 percent to 10,258.99 after China reassured investors it doesn't plan to sell the European debt it holds. The Standard & Poor's 500 index rose 3.3 percent to 1,103.06, and the Nasdaq composite index climbed 3.7 percent to 2,277.68.
In currencies, the dollar was trading at 91.28 yen from 90.98 yen. The euro slipped to $1.2313 from $1.2362. Against the Japanese currency, the euro jumped more than a yen from Thursday levels.


Updated : 2021-08-05 12:48 GMT+08:00