BANGKOK — Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street.
Tokyo’s benchmark rose 1.7%. Hong Kong declined but the Shanghai Composite index recovered from early losses. Oil prices fell and the yield on the U.S. 10-year Treasury rose to 1.57%.
U.S. markets surged Thursday after President Joe Biden signed into law a sweeping pandemic relief package that would provide $1,400 checks for most Americans and direct billions of dollars to schools, state and local governments, and businesses affected by pandemic-related shutdowns, which began a year ago.
That and progress in vaccinations against Covid-19 have helped settle some of the uncertainty that has roiled markets in recent weeks.
“With regular service resumed, we can expect markets globally to end the week on a positive note,” Jeffrey Halley of Oanda said in a…
