Hopes of more government spending around the globe has suppressed concerns about the rising number of new coronavirus cases for now. Worsening tensions between Washington and Beijing also doesn’t seem to have affected the US stock market today as things appear to be bouncing back.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5 percent, paring a quarter of its 2% losses the previous day. Meanwhile Japan’s Nikkei was almost flat. China has clawed back some of yesterday’s 4.8 percent slide as the CSI300 index climbed 1.1 percent. The markets appear to be shrugging off news that Washington is considering banning all members of the Chinese Communist Party from travelling to the US.
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