BEIJING – Asian stock markets followed Wall Street higher Thursday after Japan and South Korea reported unexpectedly strong economic data and President Joe Biden announced a $2.3 trillion U.S.
infrastructure spending plan. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Japan's closely watched Tankan survey found business conditions improved more than expected.
South Korea reported higher March export growth. House prices rose in New Zealand and Australian manufacturing expanded. “Asia-Pacific released a lot of data today, including Japan’s latest Tankan survey.
Most of it was positive,” Robert Carnell of ING said in a report. Biden announced plans to spend on broadband internet and clean energy, roads, bridges and