Asian stocks hit record high, as earnings, stimulus boost recovery hopes


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Reuters
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1612934180936210300
Wed, 2021-02-10 04:23

TOKYO/NEW YORK: Asian stocks hit a record high on Wednesday, as upbeat earnings, hopes of a large US fiscal stimulus and progress in vaccinations fanned optimism about a global recovery from the pandemic.
MSCI’s ex-Japan Asian shares index rose 0.8 percent, rising above its January peak to reach its highest level ever.
In mainland China’s CSI300 rose 1.3 percent to a 13-year high and the Shanghai Composite hit a five-year high on the last trading day before the week-long Lunar New Year holidays.

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