https://ift.tt/eA8V8J 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 multi-trillion dollar spending boost by the Biden administration. Tokyo led the advance, with the Nikkei jumping 1.9 percent early in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 percent, hitting its highest level this month, though Chinese blue chips slipped 0.1 percent just after the open. The MSCI world equity index added 0.1 percent to 709.71, nearing the all-time closing high of 710.36 set on May 7.
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Asian stocks extend global rally to 7th day, US stimulus in focus
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Reviewed by Manish Pethev
on
May 28, 2021
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