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.Read more on clickorlando.com