Most Asian markets extend rally as virus, stimulus optimism grows

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(The Indonesia News)

  • Most Asian markets built on the week’s rally Wednesday, boosted by US stimulus hopes and signs of easing virus infections.
  • Support was also being provided by hopes that the social media-fuelled retail trading battle that rattled Wall Street last week appeared to be fizzling.
  • The gains follow a two-day surge as equities recovered from last week’s rout, though they were tempered by worries that valuations might still be a little frothy.

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