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Asian stocks hit record high as investors set aside Covid-19 fears

Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan

Topics
Asian stocks | Coronavirus | Global stock markets

Reuters  |  SYDNEY 

By Tom Westbrook SYDNEY (Reuters) - Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.1% to hit its highest since its launch in 1987, with markets across the region making milestone peaks. Japan's Nikkei rose 2% to a 29-year high. South Korea's Kospi hit its highest since early 2018 and Australia's ASX 200 hit an eight-month top, before jamming there when a glitch ...

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First Published: Mon, November 16 2020. 13:36 IST
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