Asia Stocks Trade in a Mix Session as the U.S. Relaxes Restrictions amid Vaccine Rollout

Stocks in Asia traded in a mix session on Tuesday after Wall Street rallied on the first trading day in May as the U.S. continued to relax pandemic restrictions amid the vaccine rollout.

 

As of 10:01, HSI rose 0.25%, ASX 200 increased 0.27%, Kospi dropped 0.46%, TWSE 50 plunged 1.22%. Stocks in Japan, China and Thailand closed on Tuesday for a holiday.

Last night, Dow Jones rose 0.70%, S&P 500 gained 0.27%, Nasdaq fell 0.48%.

 

Amid vaccine rollout in the U.S. where roughly 32% of its population have been vaccinated, New York Governor Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut. The 24-hour subway service will resume in New York City later this month.

 

Investors continued to monitor the coronavirus cases, especially in India where the number of daily new cases have been recording more than 300,000 per day and even reached 400,000 during the weekend.