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A woman walks past a bank’s electronic board displaying the Hong Kong stock index on the Hong Kong Stock Exchange on Thursday, December 23, 2021. Asian stocks were slightly higher on Thursday after markets closed higher on Wall Street with encouraging reports of the potential impact of the ommicron variant of the coronavirus and stronger US economic data.
A woman walks past a bank’s electronic board displaying the Hong Kong stock index on the Hong Kong Stock Exchange on Thursday, December 23, 2021. Asian stocks were slightly higher on Thursday after markets closed higher on Wall Street with encouraging reports of the potential impact of the ommicron variant of the coronavirus and stronger US economic data.
People walk past a bank’s electronic board displaying the Hong Kong stock index on the Hong Kong Stock Exchange on Thursday, December 23, 2021. Asian stocks were modestly higher on Thursday after stocks closed higher on Wall Street amid encouraging reports of the potential impact of the ommicron variant of the coronavirus and stronger US economic data.
A man walks past a bank’s electronic board displaying the Hong Kong stock index on the Hong Kong Stock Exchange on Thursday, December 23, 2021. Asian stocks were modestly higher on Thursday after shares closed higher on Wall Street with encouraging reports of the potential impact of the ommicron variant of the coronavirus and stronger US economic data.
FILE – A pedestrian passes the New York Stock Exchange, November 30, 2021, in New York. Shares waver between small gains and losses early on Wall Street Wednesday, Dec. 22, in subdued trading en route to the Christmas break.
By ELAINE KURTENBACH – AP Business Writer
BANGKOK (AP) — Asian stocks were higher Thursday after shares rose on Wall Street amid encouraging reports of the potential impact of the ommicron variant of the coronavirus and stronger US economic data.
The Nikkei 225 in Tokyo gained 0.8% to 28,798.37 points. In Hong Kong, the Hang Seng rose 0.4% to 23,186.55. The Shanghai Composite Index rose 0.5% to 3,639.12. The South Korean Kospi climbed 0.4% to 2,997.11, while the S&P/ASX 200 rose 0.3% to 7,387.60.
Shares also rose in Taiwan and Thailand.
Major indices are on track for gains into Christmas week, with trading thinning as the holiday season approaches. Many world markets are closed on Friday for Christmas.
On Wednesday, the S&P 500 rose 1% to 4,696.56, the Nasdaq rose 1.2% to 15,521.89 and the Dow Jones Industrial Average rose 0.7% to 35,753.89. The Russell 2000, a measure of small company shares, rose 0.9% to 2,221.90.
Technology companies and a mix of retailers led the way. Major indices are still on track for Christmas week gains, with trading thinning as the holiday season approaches. Many world markets are closed on Friday for Christmas.
The latest rise in coronavirus cases due to: the ommicron variant above the markets, linked to concerns about rising inflation and its impact on economic growth.
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