August 13, 2020

Asian markets track US rally but stimulus battle tempers hope

Hong Kong (AFP) – Asian markets edged up Thursday following a rally on Wall Street but investors continued to fret over US lawmakers’ failure to find common ground on a new rescue package for their beleaguered economy.All three main indexes in New York saw more sharp gains fuelled by optimism over the US economic recovery following a forecast-busting jump in inflation that indicated the key consumer sector was revving up again, while hopes for a vaccine and the wall of central bank cash were also providing support.The gains continued into Asia, with Tokyo up 1.9 percent as a recent drop in the…

source https://this.kiji.is/en/666487982519108705?c=648607265489716321

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