Asia shares at 4-month peak, stimulus trumps virus fears | Malay Mail

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SYDNEY, July 6 — Asian shares held near four-month highs today as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States. MSCI's broadest index of Asia-Pacific shares...

A man wearing a protective face mask, following the Covid-19 outbreak, is silhouetted in front of a stock quotation board outside a brokerage in Tokyo, Japan June 15, 2020. — Reuters pic

Eyes were on Chinese blue chips, which surged almost 7 per cent last week to their loftiest level in five years. Japan's Nikkei, however, has lagged with its domestic economy and was last up 0.4 per cent.Most markets had gained ground last week as a raft of economic data from June beat expectations, though the resurgence of coronavirus cases in the United States is clouding the future.

Analysts estimate that reopenings impacting 40 per cent of the US population have now been wound back.

 

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