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4/6, 7:31 AM (Source: TeleTrader)
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Asia higher as Japan announces funding bill phases

Major stock market indexes in Asia traded higher on Monday after it was reported that Japan's COVID-19 funding bill will have two phases, as the phase I stimulus is set to aid in solving the issue of job losses and bankruptcies, while phase II should focus on the economic recovery. Regarding the virus, China's National Health Commission (NHC) reported on Monday 78 new asymptomatic COVID-19 cases were registered in the country during the last 24 hours. Also, the Korea Centers for Disease Control and Prevention (KCDC) confirmed the number of COVID-19 cases in South Korea increased by 47 to reach a total of 10,284.

Japan's Nikkei 225 gained 2.93% at 7:26 am CET, with the dollar rising 0.36% against the yen, going for ¥108.9440 at 7:28 am CET. Hong Kong's Hang Seng added 1.26% at 7:30 am CET.

In the meantime, Australian S&P/ASX 200 gained 4.21% at 7:30 am CET, as South Korea's Kospi Composite advanced 2.97% at 7:31 am CET.

On the Chinese mainland, the trading was closed for a holiday Monday.

Breaking the News / TF