Asia-Pacific markets set to rise following overnight Dow bounce

Asia-Pacific markets set to rise following overnight Dow bounce

SINGAPORE — Stocks in Asia-Pacific rose Friday morning, following an overnight bounce for stocks stateside. In Japan, the jumped 1.41% in early trade — partially recovering from the more than 2% plunge seen on Thursday. The Topix index gained 1.2%. South Korea's advanced 0.78%. Over in Australia, the climbed 0.29%. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.15% higher. In corporate developments, investors will watch Hong Kong-listed shares of Chinese tech giant after the in its fiscal fourth quarter. Investors will also continue to monitor the coronavirus situation in India, with more than 4,000 Covid-19 deaths reported for the . Overnight on Wall Street, the Dow Jones Industrial Average jumped 433.79 points to close at 34,021.45 while the S&P 500 gained 1.22% to finish the trading day stateside at 4,112.50. The Nasdaq Composite advanced 0.72% to close at 13,124.99. Currencies and oil The , which tracks the greenback against a basket of its peers, was at 90.757 after rising earlier this week from below 90.5 The traded at 109.50 per dollar, after weakening earlier in the week from below 109 against the greenback. The was at $0.7722, having declined from levels above $0.78 earlier this week. Oil prices