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Green To Finish The Week

EQUITIES

Major Asia-Pac bourses are in the green on Friday, large gains reversing some of the declines seen earlier this week. The technology sector is driving gains, TSMC has helped the Taiex higher. Major benchmarks in China are up around 2%, the biggest single day advance in two weeks. In South Korea Samsung Heavy helped buoy the index after winning a KRW 2.81tn order, while Samsung Display reported a 50% share in the smartphone panel market.

  • Futures in Europe and the US are higher, Nasdaq futures are the outperformer on the tech rally. Positive sentiment has been further boosted by US President Biden's declaration that he wants to double the target for vaccinations administered.
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