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Biden signs hate crimes law protecting Asian Americans


Biden signs hate crimes law protecting Asian Americans
Biden signs hate crimes law protecting Asian Americans
WORLD: President Joe Biden signed a hate crimes law yesterday (May 20) aimed at protecting Asian Americans who have suffered a surge in attacks during the COVID-19 pandemic.
Friday 21 May 2021, 09:21AM
US President Joe Biden smiles after signing into law the COVID-19 Hate Crimes Act, in the East Room of the White House yesterday (May 2). Photo: AFP.
Racism, Biden told Asian American politicians and senior members of Congress in a packed room at the White House, is “an ugly poison that has long plagued our nation.” ....

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Asian Shares Mixed In Cautious Trade


Asian Shares Mixed In Cautious Trade
While bargain hunting offered some support, inflation worries and COVID concerns kept the underlying mood cautious.
Chinese markets ended lower, as financials and consumer staple stocks came under selling pressure, offsetting gains in the commodities sector. The benchmark Shanghai Composite index fell 20.39 points, or 0.58 percent, to 3,486.56, while Hong Kong s Hang Seng index finished marginally higher at 28,458.44.
Japanese shares ended higher despite lingering concerns over slow economic recovery from the pandemic due to stagnated vaccine rollouts. The Nikkei average climbed 219.58 points, or 0.78 percent, to 28,317.83, while the broader Topix index closed 0.46 percent higher at 1,904.69.
Japan s factory activity expanded at a slower pace in May while inflation fell in April, surveys showed earlier today just as the country approved two more coronavirus vaccines. ....

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Asian Markets Mixed After Fed Taper Talk, Bitcoin Stablises


Asian Markets Mixed After Fed Taper Talk, Bitcoin Stablises
05/19/21 AT 11:08 PM
Asian markets were mixed in early trade Thursday after minutes showed some Federal Reserve officials contemplating a wind-down of its vast monetary easing measures, while optimism remained buoyed by the outlook for the economic recovery.
Bitcoin stabilised somewhat after Wednesday s wild gyrations that saw it collapse almost a third in one day before recovering most of its losses.
Global equities have soared after hitting their pandemic nadir in March last year, thanks to central bank largesse and mind-boggling government spending measures, with recent gains also helped by the rollout of vaccines and easing of lockdown measures. ....

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