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Asian Markets Rise Wednesday as Talks on New US Stimulus Bill Continue

A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP…

Asian markets rose Wednesday with renewed hopes that the Trump administration and House Democrats were close to a deal on a new coronavirus relief measure.

Japan’s benchmark Nikkei index finished 0.3% higher. The S&P/ASX index in Australia closed 0.1% higher. South Korea’s KOSPI index gained 0.5%, and the TSEC index in Taiwan rose 0.1%. The Shanghai Composite lost three points, but was unchanged percentage-wise.

In late afternoon trading, both the Hang Seng index in Hong Kong and the Sensex in Mumbai are up 0.8%.

In commodities trading, gold is selling at $1,922.30 an ounce, up 0.3%. U.S. crude oil is selling at $41.26 per barrel, down one percent, and Brent crude is selling at $42.68 per barrel, down 1.1%.

All three major U.S. indices are trending positively in futures trading.