SINGAPORE – Shares in the Asia-Pacific region rose on Monday, following overnight gains on Wall Street that pushed major indexes to record closing levels.
Japanese conglomerate shares SoftBank Group It rose 10.42% after the company on Monday announced a plan to buy back up to 1 trillion yen ($8.83 billion) of its shares. SoftBank is running On Monday, it posted a net loss of 398 billion yen ($3.5 billion). In the three-month period ending September 30.
More widely in Japan Nikkei 225 It gained 0.13% while the Topix index is trading below the flat line.
MSCI’s broadest index of Asia Pacific shares outside Japan was trading at 0.38%.
The three major indices on Wall Street advanced to record highs after the approval of the infrastructure spending package.
The Dow Jones Industrial Average rose 104.27 points to 3,6432.22 while the S&P 500 gained nearly 0.1% to 4,701.70. The Nasdaq Composite Index partially advanced to 15982.36. Monday’s gains caused all three major indexes to close at record levels.
The US House of Representatives was late Friday Passing an infrastructure bill worth more than $1 trillion. First Approved by the Senate in AugustThe package will provide new financing for transportation, utilities and broadband, among other infrastructure projects.
The US dollar index, which measures the greenback against a basket of other currencies, was at 94.052 after the recent decline from above 94.2.
The Japanese Yen The dollar traded at 113.13, stronger than the levels above 113.5 seen against the dollar yesterday. The Australian dollar It was at $0.7403, still far from the levels above $0.75 seen last week.
Oil prices rose in the morning from Asian trading hours, with the international standard Brent crude futures contracts It rose 0.12% to $83.53 a barrel. US crude futures contracts It rose 0.1% to $82.01 a barrel.