Asian markets lower after US stimulus bill vote

Monday, 08. March 2021 04:53

Asian markets traded mostly lower on Monday after news that the United States Senate passed the $1.9 trillion coronavirus stimulus bill. The bill was touted by President Joe Biden as a measure that will create an estimated six million new jobs and increase the GDP by a trillion dollars. Meanwhile, Chinese President Xi Jinping said that high-quality development is the government's priority.

The Nikkei 225 was down 0.31% at 4:49 am CET. The S&P/ASX 200 was the only index with gains, up 0.67% at the same time, while Hang Seng dropped 1.72%. The Kospi Composite declined by 0.44% at 4:30 am CET.

The Shanghai Composite dipped 1.01% at 4:30 am CET, and the Shenzhen Composite lost 1.91% at 4:45 am CET.

The dollar traded just 0.07% higher compared to the yen and sold for 108.4205 at 4:52 am CET.

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