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Indices Higher Again

EQUITIES

Equities in Asia have risen for the third consecutive session on Thursday, risk appetite boosted by expectations that Biden, now inaugurated as US President, will place a greater emphasis in pushing through fiscal stimulus, and in tackling the pandemic situation including faster vaccine roll outs.

  • In a familiar narrative this week the Hang Seng has posted gains, the index creeping over 30,000 for the first time since May 2019. In Taiwan the Taiex is the best performer after data yesterday showed exports saw record orders in 2021. Tech stocks are the outperformers again, TSMC, Tencent and SoftBank were standout performers.
  • US futures are higher, building on gains seen in the wake of Biden's inauguration yesterday.
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