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Asia-Pacific stocks rise after Wall Street surges to records following Biden’s inauguration

SINGAPORE — Portions in Asia-Pacific rose in Thursday morning trade after stocks on Wall Street sailed to record highs as U.S. President Joe Biden was renounced into office.

In Japan, the Nikkei 225 rose 0.79% while the Topix index advanced 0.67%. The Bank of Japan is wished to announce its monetary policy statement at around 11:00 a.m. HK/SIN on Thursday.

The Shanghai composite in mainland China rose 0.42% while the Shenzhen component aided 0.986%. Hong Kong’s Hang Seng index was fractionally higher.

South Korea’s Kospi advanced 0.62%.

Rations in Australia edged higher, with the S&P/ASX 200 up 0.53%.

Australia’s unemployment rate came in at 6.6% in December, according to seasonally set estimates released by the country’s Bureau of Statistics on Thursday. That compared against expectations for a 6.7% reading in a Reuters count, and followed November’s unemployment rate 6.8%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.54% penetrating.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.334 after an earlier maximum of 90.452.

The Japanese yen traded at 103.54 per dollar, stronger than levels above 103.8 against the greenback seen earlier in the commerce week. The Australian dollar changed hands at $0.7766, having risen from levels below $0.77 seen earlier this week.

Oil appraisals were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.3% to $55.91 per barrel. U.S. undeveloped futures shed 0.39% to $53.10 per barrel.

What’s on tap:

  • Japan: Bank of Japan’s monetary policy statement at 11:00 a.m. HK/SIN

— CNBC’s Jacob Pramuk play a parted to this report.

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