Asian Markets Mixed After Biden Unveils Stimulus Plan

Asian stock markets are mixed on Friday after U.S. President-elect Joe Biden revealed details of a $1.9 trillion stimulus proposal, called the American Rescue Plan, to support American households and businesses amid the pandemic. Worries about rising U.S.-China tensions weighed on the markets after the Trump administration placed Chinese smartphone maker Xiaomi on a blacklist of companies with alleged ties to the Chinese military. The Australian market is extending gains from the previous session. The benchmark S&P/ASX 200 Index is adding 11.70 points or 0.17 percent to 6,727.00, after touching a high of … (full story)

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