Asian Stocks are Rising
Chinese stocks contributed to supporting Asian markets today, despite the continued impact of risk appetite before the US presidential debate and the rise in new cases of Coronavirus around the world, which in turn threatens the global economic recovery.
Accordingly, the MSCI expanded index of Asia-Pacific shares outside Japan recorded a gain of 0.5% to reach the level of 550.47, but it is still trading around the lowest levels recorded in two months, which reached last week.
The index is on the way to end its first monthly decline after recording monthly gains for three months in a row, and this decline is due to the return of the high number of Coronavirus infections.
Chinese stocks opened higher, which contributed to supporting Asian markets after a temporary start, with the CSI 300 index rising by 0.85%. The SSE in Shanghai rose 0.5%.
In Japan, the Nikkei 225 index gained 0.75%, and in South Korea, the Kospi index rose 1.1%.
Asian Stocks are Rising - /10