Asian shares hit a new high as investors bet on cheap money and vaccines
Index in Tokyo retreats from 30-year peak on fears of tougher lockdown measures
04 January 2021 - 07:33
Sydney — Asian shares resumed their ascent on Monday as investors pinned their hope on vaccines to eventually deliver a global economic upturn, even as a possible tightening in virus rules for Tokyo pulled Japanese stocks off 30-year highs.
After a slow start, MSCI’s broadest index of Asia-Pacific shares outside Japan swung 1.2% higher, hitting another record peak. South Korea climbed 2% to a record, led by the chip and automotive sectors, while Chinese blue chips added 0.3%...
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