Asian equities climbed on Friday, following the rally in U.S. stocks that soared to record highs.

  • Australia’s ASX 200 rose 0.79% or 52.9 to 6,766.80. Shares of oil stocks and major miners advanced as the materials subindex grew 1.62% and energy 1.47%.
  • China’s Shanghai composite reversed earlier losses and climbed 0.47% or 16.25 points to 3,453.08. The Shenzhen component added 0.22% or 30.66 points to 13,897.03.
  • South Korea’s Kospi jumped 1.35% or 40.69 points to 3,064.39. Gains were recorded in tech stocks Samsung up 0.98%; SK Hynix 2.19%; and LG Electronics 3.39%.
  • Japan’s Nikkei 225 added 1.74% or 506.19 points to 29.717.83. The Topix index gained 1.36% or 26.14 points to 1,951.06.
  • Hong Kong’s Hang Seng index dropped 1.62% in late-afternoon trade.
  • The S&P 500 climbed 1% to surpass its previous record on February 16 as tech shares continued to rebound. U.S. President Joe Biden also signed the $1.9 trillion coronavirus relief package.