Stocks expected to rise in 2021

While most major stock markets were closed on Friday, the Shanghai Composite rose 1.0 percent.

The Nikkei 225 was flat.

Southwest Securities said in a report that the Shanghai Composite could hit the 4,000-point level in 2021 thanks to China’s solid economic recovery and continued policy support.

The US stock market is also expected to continue advancing into 2021.

A CNBC survey of investment strategists showed that the S&P 500 is expected to end 2021 at 4,056.