In Tokyo, the Nikkei 225 jumped 1.6% to 27,292.37, the first time it has traded above 27,000 since April 1991. Hong Kong’s Hang Seng index rose 1% to 26,586.76 and in South Korea, the Kospi was little changed at 2,811.20. On Monday, the S&P 500 climbed 0.9% to 3,735.36, powered by gains in technology, communication services and consumer discretionary stocks. The broad rally came as investors welcomed the decision by President Donald Trump to sign a $900 billion coronavirus economic aid package despite his complaints that $600 payments for most individuals were too low. American Airlines rose 2.6%, Norwegian Cruise Lines gained 2.9% and Carnival added 4.2%.

Source: Indian Express December 29, 2020 05:03 UTC