Asian shares are higher, powered by encouraging signs that the U.S. economy is recovering from the pandemic
By ELAINE KURTENBACH AP Business Writer
May 28, 2021, 7:11 AM
• 4 min read
BANGKOK — Asian shares rose Friday, powered by encouraging signs that the U.S. economic recovery from the pandemic is gaining momentum.
President Joe Biden’s proposal fo r a $6 trillion budget also boosted buying of shares likely to benefit from heavy government spending.
Tokyo’s Nikkei 225 index climbed 2.1% and other regional benchmarks all were higher.
Shares in Chinese online retail giant JD.com Inc.’s logistics arm rose 4.3% on their first trading day in Hong Kong after it raised 24 billion Hong Kong dollars ($3.1 billion) by selling a portion of the unit to outside investors.
JD Logistics Inc. is the latest technology company to list in the…
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