US Support Package Makes Asian Stock Markets Rise



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Asia’s major stock exchanges are starting their trading week higher after US President Donald Trump gave the green light to the crown support package that Congress has crafted.

On the Tokyo Stock Exchange, the Nikkei 225 Index climbed 0.3 percent in early trading, while the Topix overall rose 0.4 percent.

“Investors are buying back shares and welcome Trump’s Twitter message on the covid support package,” said Iwaicosmo Securities analyst Toshikazu Horiuchi, adding that traders remain vigilant for rising cases of covid disease in House.

Mitsubishi Heavy Industries rose 2.6 percent on information that the industrial giant will build a large steel plant in Austria that will run on hydrogen.

Console makers Nintendo and Sony were also among the winners.

In Hong Kong, the Hang Seng rose 0.4 percent, while the composite indices in Shanghai and Shenzhen fell 0.2 percent and 0.5 percent, respectively.

South Korea’s Kospi was up 0.5 percent in morning trading, while Taiwan’s weighted index was up 0.8 percent after just over an hour of trading.



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