Asian equities stay positive amid hopes of covid vaccine calling in faster economic recovery. China-linked jitters, covid woes in the West fail to disappoint Asian bulls amid a light calendar. BOJ “Summary of Opinions” repeated Governor Haruhiko Kuroda’s favorite lines. Oil drops after Ever Given refloats in Suez Canal. Asian shares part ways from S&P 500 Futures amid economic optimism during early Monday’s quiet trading. A light calendar and the age-old US-China tensions failed to stop the bulls. Against this backdrop, MSCI’s index of Asia-Pacific shares outside Japan rises 0.4% whereas Japan’s Nikkei adds 1.17% by the press time. Other than the broad risk-on in Asian equity markets, the Bank of Japan’s (BOJ) readiness to keep the monetary policy easy and clarify yield band offered extra support to Japanese indices. US President Joe Biden’s push to more vaccinations and a target to jab all the adults by May favored hopes of faster economic recovery. Also on the positive side were chatters over the $3.0 trillion infrastructure spending plan from US President Biden. On the contrary, US Trade Representative (USTR) Katherine Tai’s rejection to trade relief for China as well as Beijing’s criticism of the Western group comprising the US, the UK, Canada and the European Union (EU), weighs on the risks. Also, escalating covid fears in Europe and vaccine jitters are extra challenges to the sentiment. Even so, stocks in China are on their move to recovery early-March equity rout whereas those from Hong Kong, South Korea and Indonesia are also on the positive side. Markets in India are off due to the Holi celebration whereas those from Australia and New Zealand print mild losses as Brisbane announces a three-day lockdown. On a broader front, S&P 500 Futures drop 0.60% intraday whereas the US 10-year Treasury yield searches for clear direction by the press time. Oil is also on the move as the stuck container in the Suez Canal finally moves after nearly a week. Considering the lack of major data/events, equities are likely to cheer faster vaccinations and hopes of stimulus unless the US-China tussles escalate. Also read: S&P 500 Futures snap two-day uptrend amid covid fears, Sino-American jitters FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Suez Canal Update: Ever Given engines started, seen moving to Great Lakes Area FX Street 1 year Asian equities stay positive amid hopes of covid vaccine calling in faster economic recovery. China-linked jitters, covid woes in the West fail to disappoint Asian bulls amid a light calendar. BOJ "Summary of Opinions" repeated Governor Haruhiko Kuroda's favorite lines. Oil drops after Ever Given refloats in Suez Canal. Asian shares part ways from S&P 500 Futures amid economic optimism during early Monday's quiet trading. A light calendar and the age-old US-China tensions failed to stop the bulls. Against this backdrop, MSCI's index of Asia-Pacific shares outside Japan rises 0.4% whereas Japan's Nikkei adds 1.17% by the press time. Other… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.