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Asia-Pacific Shares Track Wall Street Higher on Hopes of Massive New US StimulusHong Kong stocks ended lower, snapping a five-day winning streak, as investors locked in profits following sharp gains.
Jan 21, 2021 08:58 AM GMT
The major Asia-Pacific stock indexes were mixed but mostly higher on Thursday with Hong Kong giving back a portion of this week’s stellar gains. Shares in the region rose after stocks on Wall Street soared to record highs as U.S. President Joe Biden was sworn into office.
Investors are hopeful the incoming Biden administration will be able to secure passage of a massive new stimulus package to cushion the economic damage of the COVID-19 pandemic.