Tuesday, 08 Dec 2020 11:32 AM MYT
A mixed Asian open followed a similarly mixed Wall Street session with the tech-heavy Nasdaq Composite closing at a record high as investors flocked to mega-cap growth stocks while the two other major US indices fell. Investors are watching whether US policymakers can reinvigorate efforts to pass additional pandemic stimulus. The US Congress is expected to vote this week on a one-week stopgap funding bill to give negotiators more time to strike a compromise, as the business community cautioned inaction could spur a deeper recession.
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