Asian equity indexes higher

23 January, 2018

Asian equity indexes were mostly higher on Tuesday following a solid lead from Wall Street as lawmakers were able to revert the government shutdown.

Earlier in the day, the Bank of Japan announced its keeping current monetary policy configuration steady after a two-day meeting. This decision cause little market volatility as it was a widely expected outcome.

Wall Street top three stock indexes were able to end Monday’s session in green territory as the US Congress put an end to a the federal government shutdown for at least three weeks.

President Donald Trump signed a bill aimed to extend funding the administration through February 8. In return to Democrats support, the Senate will debate on immigration matters.

The Dow Jones industrial average added 142.88 points or 0.55 percent to finish at 26,214.60, marking a new all-time high. The S&P 500 was up 0.8 percent at 2,832.97, while the tech-heavy Nasdaq composite also ended at an all-time peak, at 7,408.03.

Market participants also monitored the corporate earnings season. To date, nearly 68 percent of the S&P 500 companies have shown better-than-expected earnings this season, and 85 percent of those have reported stronger sales figures than initially estimated.


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