Asian shares hit record highs after new all-time highs on Wall Street, boosted by economic recovery hopes

7.28am GMT

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Asian stocks rocketed to record highs at the end of 2021’s first trading week, as investors shrugged off rising coronavirus infections globally and political unrest in the US to focus on hopes of economic recovery later this year. On Wall Street, all three leading indices hit record highs during the day, and the S&P 500 closed 1.48% higher, the tech-heavy Nasdaq climbed 2.56% and the Dow Jones ended the day up 0.69%.

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