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Scholarships encourage the Biden plan ride

Asian stock markets soared after US President Joe Biden unveiled his infrastructure plan, which helped investors to build up their spirits and take their minds off the new confines.

Japanese Topix and Chinese Chinese Composite Shanghai advanced less, up 0.3%, while Australian S & P / ASX 200 aligned with South Korean Kospi in gains of 0.6%. In Hong Kong, Hang Seng amounted to 1.1%.

In Europe and the United States, the trajectory is also upward, although the gains are modest. President Joe Biden presented an infrastructure plan of 2.25 billion dollars, which helped the sentiment, despite the repeated movements of confinement.

“There is still some room for recovery in stocks, which should benefit from the economic recovery and the reopening of trade,” say Cambiar Investors analysts, in statements to Bloomberg.