Tokio, New York Asian stocks turned out to be mixed on Wednesday despite the positive economic outlook. Corporate earnings, hopes for a large US fiscal aid package and advances in vaccinations fueled investor optimism, especially in China. “Globally, investors are placing more emphasis on stocks as the US government is expected to spend almost exactly $ 1.9 trillion on its stimulus program,” said Norihiro Fujito, investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
The Nikkei Index, which comprises 225 values, was 0.2 percent lower at 29,455 points. The broader Topix index rose 0.3 percent to stand at 1930 points.
The Shanghai stock exchange was up 1 percent. The index of the most important companies in Shanghai and Shenzen gained 1.7 percent. The MSCI index for Asian stocks outside of Japan rose 0.6 percent.
In Asian foreign exchange trading, the dollar was almost unchanged at 104.55 yen, up 0.1 percent to 6.4376 yuan. In relation to the Swiss currency, it was quoted 0.1 percent lower at 0.8915 francs. At the same time, the euro rose 0.1 percent to $ 1.2128 and was barely changed at CHF 1.0812. The pound sterling gained 0.1 percent to $ 1.3822.
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