Investors shrugged off U.S. President Donald Trump’s record second impeachment and focused instead on reports on Thursday that his replacement, Joe Biden, will lay out a new U.S. $2 trillion stimulus programme later. Hopes for the supersized package lifted most major stock markets. Japan’s Nikkei hit a three-decade peak in Asia and Europe opened 0.4% .
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Asia-Pacific Shares Mostly Higher on Upbeat China Trade DataChinese tech giants Alibaba and Tencent and Baidu all rose sharply on news that plans to extend a U.S. investment ban to the stocks had been scrapped.
Jan 14, 2021 01:28 PM GMT
The major Asia-Pacific shares finished mixed but mostly higher on Thursday as investors regionally reacted positively to strong Chinese trade data, while ignoring news of the first COVID-19 death in China in nine months. Investors also shrugged off U.S. President Donald Trump’s record impeachment and instead focused on reports that his replacement, Joe Biden, will lay out a new U.S. $2 trillion stimulus program later.