Asian stocks extend global rally on strong US data
Japan leads regional advance as MSCI world equity index nears record high
28 May 2021 - 08:06
Tokyo — Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the US will lead the world out of the Covid-19 pandemic, with the focus turning to a multitrillion dollar spending boost by the Biden administration.
Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month, though Chinese blue chips slipped 0.1% just after the open...
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