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4/22, 7:50 AM (Source: TeleTrader)
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Asia-Pacific mostly higher with COVID in focus

Major stock markets in the Asia-Pacific region traded mostly with gains near the end of the session on Thursday as the coronavirus pandemic continued to loom over the economic developments.

While Japanese authorities reportedly plan to introduce the coronavirus-related state of emergency in the country's capital ahead of the Olympics, South Korea turned to the United States requesting help with the COVID-19 vaccine supply. Meanwhile, the relations between Australia and China continued to deteriorate, with the island country canceling the deal between its state of Victoria and Beijing which was part of the Belt and Road Initiative.

Despite the negative sentiment, the Nikkei 225 surged 2.19% or 624 points at 7:47 am CET, and the dollar lost 0.08% against the yen to trade for 107.9775. The Kospi Composite gained 0.23% a minute later, while the S&P/ASX 200 concurrently climbed 0.64%. The Shanghai Composite declined 0.14% and the Shenzhen Composite advanced 0.58% in mainland China at 7:34 am CET, while the Hang Seng increased by 0.52% at 7:49 am CET.

Breaking the News / ND