Asian shares rise on US stimulus plan
Asian shares head to near record highs as US president-elect Joe Biden proposes plan to jump-start economy
15 January 2021 - 08:11
Shanghai/New York — 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 Covid-19.
In prime-time remarks, Biden outlined a proposal that includes $415bn aimed at the Covid-19 response, about $1-trillion in direct relief to households, and about $440bn for small businesses and communities hard hit by the pandemic...
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