Asian stocks set to gain after Wall Street's tech bounce

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Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.

last traded at $1.2734, up 0.02% on the day after British Prime Minister Boris Johnson told Britons to go back to working from home, along with new curbs on pubs, bars and restaurants that he said could be in place for as long as six months without some form of vaccine.U.S. President Donald Trump told the United Nations General Assembly on Tuesday that China must be held accountable for having “unleashed” COVID-19 on the world, prompting Beijing to accuse him of “lies” and abusing the U.N.

China’s President Xi Jinping struck a conciliatory tone in his pre-recorded virtual address to the General Assembly, calling for enhanced cooperation over the pandemic and stressing that China had no intention of fighting “either a Cold War or a hot war with any country.” Xi also announced plans to boost his country’s Paris climate accord target on Tuesday and called for a green revolution, just minutes after Trump, who has pared hundreds of environmental regulations, blasted China for “rampant pollution.”

 

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