Australia stocks rise following overnight Wall Street gains

SINGAPORE — Stocks in Australia rose Thursday morning, with trading on the Tokyo Stock Exchange halted due to a technical fault.

In early trade, the S&P/ASX 200 in Australia gained 0.74%.

Over in Japan, the Tokyo Stock Exchange announced Thursday that it would “stop trading all stocks” as a result of a “problem in the distribution of market information.” It added that the “restoration is currently undecided.”

On the economic data front, the headline large manufacturers index in the Bank of Japan’s quarterly tankan business sentiment survey came in at minus 27, against expectations of a minus 23 reading in a Reuters poll. Still, that was better than the minus 34 reading in June.

Markets in China, Hong Kong, South Korea and Taiwan are closed on Thursday for holidays.

Overnight stateside, the Dow Jones Industrial Average gained 329.04 points, or 1.2%, to close at 27,781.70. The S&P 500 added 0.8% to end its trading day at 3,363.00, while the tech-heavy Nasdaq Composite rose 0.7% to close at 11,167.51.

The moves on Wall Street came as U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus aid deal. The two will continue talks as they try to craft a fifth package that could pass both chambers of Congress.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.821 in a week that has seen it decline from levels above 94.2.

The Japanese yen traded at 105.48 per dollar after seeing levels above 105.6 against the greenback yesterday. The Australian dollar changed hands at $0.7164 following its rise yesterday from levels below $0.715.

— CNBC’s Yun Li contributed to this report.

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