Asia stocks set to trade higher as Nasdaq turns positive
Investors will await the release of the Reserve Bank of Australia's statement on monetary policy, set to be around 9:30 a.m. HK/SIN.
Overnight on Wall Street, the Nasdaq Composite closed in positive territory for 2020. Thursday marked the first time one of the major averages stateside was up year to date since the coronavirus pandemic led to the closure of nonessential businesses, sparking massive layoffs and a historic market sell-off.recovered from its losses for the year overnight.
Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 19,840 while its counterpart in Osaka was at 19,760. That compared against theMeanwhile, shares in Australia were also set to open higher. The SPI futures contract was at 5,373, as compared to theInvestors will await the release of the Reserve Bank of Australia's statement on monetary policy, set to be around 9:30 a.m. HK/SIN.
Overnight on Wall Street, the Nasdaq Composite closed 1.4% higher at 8,979.66, leaving it up nearly 0.1% for the year — erasing all its losses for 2020. The
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