Stock markets hit new records | Sunday Observer

Stock markets hit new records

4 April, 2021

Asian markets rose on Friday following a record-breaking session on Wall Street.

The S&P 500 broke the 4000-point barrier for the first time, while the Nasdaq and Dow Jones also made gains.

Investors were buoyed by President Joe Biden’s new $2.3tn (£1.7tn) infrastructure spending plan and growing optimism about the economy.

Markets in Tokyo and Seoul were up more than 1%, while Shanghai was also in positive territory. Trading was thin in Asia, as markets in Hong Kong and Australia were closed for Good Friday. The latest highs in the US point to renewed confidence among investors that the economic recovery is gaining pace. - BBC