Asia also scored new pinnacles, with Tokyo soaring 2.7% to end at a 30-year high.
Investor sentiment has been given another shot in the arm after US President Donald Trump signed a US$900 billion Covid-19 economic stimulus bill late on Sunday.Trump had held off signing the US virus stimulus package for almost a week, saying it did not provide enough cash to Americans and calling for handouts to be jacked up to US$2,000 from the US$600 offered in the initial bill.
Meanwhile, London stocks surged with investors relieved over Britain’s long-awaited Brexit deal with the EU, with the British capital’s benchmark FTSE 100 index jumping 2.1% in afternoon deals, having last traded on Christmas Eve before the announcement of a long-awaited post-Brexit trade deal. “The Brexit deal is really a blessing … for the UK and for the FTSE 100 index. There is no doubt that the FTSE 100 has been a laggard index and now is its time to shine,” AvaTrade analyst Naeem Aslam told AFP.
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