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Saturday, November 28th, 2020

Asian Markets Rise Wednesday as US Stimulus Bill Talks Continue

by October 21, 2020 General

Asian markets rose Wednesday with renewed hopes that the Trump administration and House Democrats were close to a deal on a new coronavirus relief measure.

Japan’s benchmark Nikkei index finished 0.3% higher. The S&P/ASX index in Australia closed 0.1% higher. South Korea’s KOSPI index gained 0.5%, and the TSEC index in Taiwan rose 0.1%. The Shanghai Composite lost three points, but was unchanged percentage-wise.

In late afternoon trading, both the Hang Seng index in Hong Kong and the Sensex in Mumbai are up 0.8%.

In commodities trading, gold is selling at $1,922.30 an ounce, up 0.3%. U.S. crude oil is selling at $41.26 per barrel, down one percent, and Brent crude is selling at $42.68 per barrel, down 1.1%.

All three major U.S. indices are trending positively in futures trading.

Source: Voice Of America