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6/3, 7:23 AM (Source: TeleTrader)
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Asian markets trade higher as Seoul unveils $29B aid plan

Equities on major stock markets in the Asia-Pacific region traded with gains on Wednesday, with the Kospi surging more than 3%, following the South Korean government's announcement of another 35.3 trillion won ($29 billion) budget plan aimed to counter the pandemic's hit on the economy. Meanwhile, investors were also focused on the release of services sector data in China and Japan.

The Nikkei 225 index added 1.02% at 7:16 am CET. The Shanghai Composite rose by 0.57% at 7:02 am CET and the Shenzhen Composite Index advanced 0.76% at 7:17 am CET. The Hang Seng gained 1.12% at 7:22 am CET, while the Kospi jumped 3.27% at 7:19 am CET. The S&P/ASX 200 in Australia increased by 1.71% at 7:20 am CET.

The dollar was 0.16% lower compared to the yen, going for 108.5025 at 7:21 am CET.

Breaking the News / MS