After a record surge in India and the US equities, stocks in Asia are trading cautiously mixed. The stock market in Japan is down while Hong Kong, China, Australia are firmly up on Wednesday.
Overnight, the US market surged to new record highs. The S&P 500 gained 0.82% to a new record closing high of 4,423.15 while the Dow Jones Industrial Average jumped 278.24 points to 35,116.40. The Nasdaq Composite advanced 0.55% to about 14,761.3.
The biggest concern for the market is the possible impact on economic growth due to spread of the Delta variant.
In the live trading in Asia, Japan’s Nikkei is down by 0.11%. However, Hong Kong is up 1.2%, Shanghai is up 0.55% and South Korea is up 0.66%