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Singapore, Beritasatu.com – Asian markets opened higher on Monday (12/28/2020). US President Donald Trump finally passed the Covid-19 stimulus bill and the US state budget, avoiding to turn off and guarantee Covid-19 benefits for US citizens, on Sunday (12/27/2020).
Nikkei 225 is up 0.21%, Kospi is up 0.28%. In the United States, Dow Jones futures were up 0.19%, S&P 500 futures were up 0.24% and Nasdaq futures were up 0.28%.
Trump previously refused to sign the stimulus bill because he felt that cash assistance to American citizens was too small. The bill says all U.S. citizens will receive $ 600 in benefits, but Trump wants the benefits to increase to $ 2,000.
US President-elect Joe Biden criticized Donald Trump because his refusal left 14 million Americans with the potential to lose long-awaited benefits.
According to official data from the Chinese government, the profits of industrial companies in November increased 15.5% over the previous year.
Investors are watching Alibaba’s involvement in Hong Kong after Chinese regulators ordered Ant Group, an Alibaba-affiliated company, to fix its business.
Source: CNBC.com
