Asian indices climb after S&P 500 high as investors look past virus trends

Asian indices climbed on Friday after US shares reached a record on optimism surrounding a stimulus-fueled economic recovery.

Equity trading volumes were below average because of holidays across the region.
 

South Korean stocks led regional gains, aided by chipmakers, following a report that the US plans to meet with semiconductor and auto firms to discuss the global microprocessor shortage. Japan rose and China fluctuated.
 

US equity futures edged up after the S&P 500 closed above 4,000 for the first time. 
 

Treasuries rebounded after the worst quarter in decades, with 10-year yields falling back below 1.7 per cent. The dollar retreated.