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View all search resultsIn early Asian trade, Australia’s S&P/ASX 200 benchmark was up 0.81 percent and South Korea’s KOSPI up 0.79 percent, adding to a rally in the previous session. Japan’s Nikkei futures rose 0.6 percent and Hong Kong’s Hang Seng index futures eased 0.1 percent.
Asian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration’s US$1.9 trillion stimulus weighed on sentiment, dragging US Treasury yields to three-weeks lows.
World shares were set to seal a record-busting month on Monday as the prospect of a vaccine-driven global economic recovery next year and yet more free money from central banks eclipsed concerns about the pandemic in the near-term.
The gains in Asia came after a mixed performance for US stocks. The Nasdaq closed up 2 percent on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID-19 vaccine progress and the likely timing of an economic rebound.
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