HONG KONG – Asian markets mostly rose Friday following more records in New York and Wall Street after Joe Biden finally signed his enormous stimulus into law, while fears over inflation and a possible interest rate hike subsided for now.
Less than two months after taking office, the new president on Thursday put his name to the $1.9 trillion rescue plan that paves the way for a spending splurge that is widely seen as ramping up domestic and global growth.
The package — which includes up to $1,400 in cash handouts, extended unemployment benefits and various other aid programmes — comes as the government pushes ahead with a vaccine drive that will allow lockdowns to b…
Keep on reading: Most Asia markets track Wall St record as Biden signs stimulus