theredness. However, gains are capped as investors remain cautious amid ongoing concerns over the global economic recovery and the surge in Covid-19 cases in several countries.
In Japan, the Nikkei 225 is up by 0.6%, supported by strong gains in tech stocks. Meanwhile, South Korea’s Kospi index is trading 0.5% higher, lifted by advances in semiconductor and pharmaceutical stocks. Australia’s ASX 200 is also in positive territory, rising 0.4% as energy and mining stocks make gains on the back of rising commodity prices.
However, the gains in Asian markets are limited as investors remain cautious. The surge in Covid-19 cases in countries like India, Japan, and South Korea is raising concerns about the pace of economic recovery. Additionally, the ongoing tensions between the United States and China, as well as geopolitical tensions in the Middle East, are contributing to the air of caution among investors.
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