Asian stocks were set to edge higher early on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan.
The dollar, meanwhile, hit a one-year high against the yen and multi-month peaks with other currencies as investors bet U.S. fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.Tech stocks were likely to push Australian shares higher at least initially on Thursday in Asia, but optimism could be cooled by concerns about inflation and interest rates.
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