Joe Biden Coronavirus Stephen Innes city Beijing city Tokyo city Seoul Washington city Shanghai city Hong Kong reports president Joe Biden Coronavirus Stephen Innes city Beijing city Tokyo city Seoul Washington city Shanghai city Hong Kong

Asian stocks advance after Wall St ends winning streak

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BEIJING – Asian stock markets rose Wednesday after Wall Street broke a six-day winning streak. Shanghai, Hong Kong, Seoul and Sydney advanced.

Tokyo was off 0.1%. Wall Street's benchmark S&P 500 index ended down 0.1% as investors watched Washington, where President Joe Biden’s Democrats planned to move ahead without Republican help on a stimulus plan. “Investors naturally thought it worth reducing some equity market risk after the recent volatility,” said Stephen Innes of Axi in a report.

But “everything should eventually come up roses” due to optimism about stimulus, U.S. central bank support and the rollout of coronavirus vaccines.

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