Global shares climb on vaccine progress, Biden presidency

Global share markets reached a milestone peak on Wednesday. The series of increase came after the Dow Jones Industrial Average breached a historic 30,000 jump overnight, with investors’ confidence greatly supported by a dramatically improved global outlook.

MSCI’S broadest index of Asia-Pacific shares outside Japan had seen a 0.45% increase. Meanwhile, Japan’s benchmark index Nikkei advanced 1.7%, securing its 29-year peak.

On Wall Street, the Dow recorded a 1.54% growth, while the tech-heavy Nasdaq jumped 1.62%. The S&P 500 was seen 1.31% higher, with its futures tallying a 0.5% jump during their early Wednesday session.

These upbeat sessions followed after U.S. President Donald Trump stepped down from the White House, signaling President-elect Joe Biden to start his presidential transition.