Asian stocks extend global rally to 7th day, U.S. stimulus in focus

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Reuters

By Kevin Buckland TOKYO (Reuters) – Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration. Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month, though Chinese blue chips slipped 0.1% just after the open. The MSCI world equity index added 0.1% to 709.71, nearing the all-time …

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