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Asian stocks mostly higher on hopes for pandemic recovery

South Korea Japan Hong Kong Australia city Tokyo city Shanghai pandemic economy
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TOKYO – Asian shares were mostly higher Thursday on cautious optimism that upcoming company earnings reports will reflect a gradual recovery from the damage of the pandemic.

Japan's benchmark Nikkei 225 jumped 1.8% in afternoon trading to 29,337.27, in the first session after the Golden Week series of national holidays.

South Korea's Kospi gained 0.8% to 3,173.05, but Australia's S&P/ASX 200 dipped 0.5% to 7,062.40. Hong Kong's Hang Seng gained 0.5% to 28,566.00, while the Shanghai Composite recouped earlier losses and inched up 0.1% to 3,451.55.

Although the vaccine rollout is progressing slowly in Asia, compared to the U.S. and Europe, the global recovery is adding to optimism about exports and earnings of companies doing business

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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