World stocks today rose to record highs while the safe-haven dollar reached its lowest in more than two and a half years on the prospect of effective coronavirus vaccines and more U.S. fiscal stimulus.
Hong Kong’s Hang Seng gained one percent. Singapore’s Straits Times rose 0.6 percent and South Korea’s KOSPI ended half percent up. Japan’s NIKKEI-225 added 0.3 percent while China’s Shanghai Composite index remained almost flat.
European stocks were up in intraday trade as Germany’s DAX surged 1.5 percent, London’s FTSC-100 gained 0.9 percent and France’s CAC added half a percent.