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Stocks

Asia stocks tipped to march higher after strong US when NASDAQ finished over 6,000

PUBLISHED : Wednesday, 26 April, 2017, 7:40am
UPDATED : Wednesday, 26 April, 2017, 7:40am

Futures pointed up for Asian markets on Wednesday, following the rise in US indexes on the back of strong earnings announcements from marquee names McDonald’s and Caterpillar among others.

Stocks in Japan looked posed to rise, as Nikkei futures in Chicago traded higher by 0.71 per cent at 19,215 while Osaka futures were up 0.53 per cent at 19,180. Both were above the benchmark Nikkei 225‘s close of 19,079.33 on Tuesday.

NASDAQ ends at record over 6,000, 17 years after breaking 5,000 in the dotcom boom

Australian SPI futures added 0.46 per cent at 5,899 against the ASX 200 ‘s close of 5,871.789 on Monday. Australian markets had been closed for a public holiday Tuesday.

In the US, stocks soared as McDonald’s and Caterpillar reported solid earnings, with the Nasdaq surpassing the 6,000 mark for the first time. The Dow Jones industrial average surged 1.12 per cent or 232.23 points to close at 20,996.12, the S&P 500 added 0.61 per cent to finish at 2,388.61 and the Nasdaq rose 0.7 per cent to close at 6,025.49.

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