Asian shares edge higher as Biden unveils $1.9 trillion US stimulus plan

Asian shares edged up near record highs on Friday after US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world’s largest economy and accelerate its response to coivd-19.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1% around midday in Asia, just off a record high.
  • Hong Kong’s Hang Seng added 0.32%, while Australia’s ASX 200 rose 0.17%.
  • Japan’s Nikkei was down 0.21% after touching three-decade highs in the previous session,
  • Chinese blue-chips lost nearly 1% amid worries over rising COVID-19 cases in the country.

Currency Markets