Asian stocks make cautious gains after patchy Wall Street rally | Malay Mail

Japan's Nikkei 225 slipped 0.31 per cent. — Reuters picNEW YORK, Feb 10 ― Asian stocks inched higher today, as upbeat Wall Street earnings and optimism about a global recovery supported sentiment, although concerns about the sustainability of a recent risk rally are likely to cap gains.

The earnings follow a slowdown in the global market rally yesterday as investors reconsidered how much government stimulus spending, easy money from central banks and vaccinations will boost stocks, oil and inflation. The S&P had climbed the previous six sessions and is up 5.3 per cent for the month. All three indexes closed at records on Monday.

The yield on the benchmark US 10-year Treasury notes was last at 1.16 per cent after rising yesterday as high as 1.72 per cent but falling back to the same level as on Monday.

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