August 4, 2020

Asian markets track Wall St surge, focus turns to Capitol Hill

Hong Kong (AFP) – Asian stocks advanced Tuesday following another record close on Wall Street, with investors cheered by forecast-beating US data and hopes for fresh stimulus for the world’s top economy.But while there are small signs of a slowdown in infections in key US states, the spread of the virus across the planet and the reintroduction of strict containment measures continue to be overwhelming factors keeping equities from extending gains.Tech fuelled a surge in New York, sending the Nasdaq to a new all-time high, as traders looked for firms likely to benefit from people being forced t…


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