Asian shares rose Monday as investor sentiment received a big boost from the rally last week on Wall Street, despite worries about the more contagious...
TOKYO — Asian shares rose Monday as investor sentiment received a big boost from the rally last week on Wall Street, despite worries about the more contagious coronavirus delta variant not only in the region but across the world.
“That said, daily new COVID-19 cases are currently at its all-time high and that may dampen some hawkish sentiments going into the meeting.” The recent decline in Japanese shares provided an opportunity for bargain hunters. Toyota Motor Corp. 7203, -1.65% shares rose more than 3% in morning trading in Tokyo. Other shares gaining included Nissan Motor Co. 7201, -1.21%, Sony Corp. 6758, -2.97% and Nintendo Co. 7974, -8.73%.
The U.S. Federal Reserve’s annual conference in Jackson Hole, Wyoming, later this week could provide Wall Street with more insight into what the Fed may do about inflation.
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