Vaccine optimism makes Asian stocks hit record peak; dampens virus fears
Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone worries about rising coronavirus cases, lifting just about every sector. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1% to hit its highest since its launch in 1987 with markets across the region making milestone peaks. Japan’s Nikkei traded at 29-year highs, South Korea’s Kospi at its highest since early 2018 and Australia’s ASX 200 hit an eight-month peak in the morning, before a glitch halted trade. S&P 500 futures rose 0.6% following the index’s record close on Friday, Na sdaq 100 futures leapt 1% and European futures were up strongly with EuroSTOXX 50 futures up 0.8% and FTSE futures up half a percent.