SYDNEY (Reuters) – Asia’s stock markets opened higher on Monday, as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, while oil prices and risk-exposed currencies also edged higher.
Japan’s Nikkei .N225 opened 1% higher at 29-year peak. Australia’s ASX 200 .AXJO rose 1% to an eight-month high and MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood at its highest since January 2018.
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Russ Koesterich, BlackRock Global Allocation Fund portfolio manager, joins ‘Power Lunch’ to discuss the state of the markets and where he is finding value.