Asian market rises on expectations of stimulus in the U.S.
Asian market rises on expect...
Subscribe to Newsletter

Asian market rises on expectations of stimulus in the U.S.

17 December 2020
1 min.
Asian market rises on expectations of stimulus in the U.S.

Asian markets rally

Asia-Pacific stock indices were broadly up on Thursday morning as they continue to wait to see whether the US Congress can come to a consensus on the latest stimulus measures.

Japan's Nikkei 225 index was up 0.09% by 9:56pm ET (02:56am GMT), while South Korea's KOSPI was down 0.64%.

Australia's ASX 200 index was up 0.87%.

Hong Kong's Hang Seng rose 0.12%.

China's Shanghai Composite added 0.33% and Shenzhen Component fell 0.31%.

As talks on the stimulus package continue in the US CongressSenate Majority Leader Mitch McConnell said: "We can get it done".

Investors are still waiting to see if McConnell can pull it off together with congressional Republicans and Democrats. Both parties, as reported on Wednesday, are "getting closer" to approving a $900 billion stimulus bill, and are also working to pass a $1.4 trillion spending bill by Friday for the fiscal year beginning October 1 to avoid a government shutdown.

The US Federal Reserve concluded its two-day monetary policy meeting on Wednesday. In its policy decision on the same day, the Fed reinforced its commitment to support the US economy and pledged to maintain its massive asset purchase programme until it sees "substantial further progress" on employment and inflation. Fed Chairman Jerome Powell added that the case for fiscal stimulus is "very strong" as the country continues to struggle with a second wave of COVID-19.

Following the US Fed, the Bank of England and the central banks of Mexico, Switzerland and Indonesia will issue policy decisions today. The Bank of Japan and the Bank of Russia will issue their decisions on Friday.

Persons2 and Companies3 in the news

6th Chair of the Federal Reserve
1 place
United States Senate majority leader
2 place
Rating companies
15 Mention
14 Mention
13 Mention
JP Morgan Chase
11 Mention
Ford Motor Company
11 Mention
10 Mention
8 Mention
White House
7 Mention


News from is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York. news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year