Asian markets climb to two-week high

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MSCI index of Asia-Pacific shares up 0.71% led by Hong Kong

An electronic display shows Asian markets indices outside a brokerage in Tokyo. Picture: REUTERS

Separately, US House speaker Nancy Pelosi and treasury secretary Steven Mnuchin spoke by phone for about an hour and were preparing to talk again on Tuesday, continuing their work towards a deal on coronavirus relief spending. S&P 500 futures rose 0.08% after the best daily gain on the S&P 500 index in a month overnight. Oil held sharp overnight gains.

Benchmark 10-year yields hit a more than five-week high, and held just shy of that in Asian morning trading at 0.7634%. The yen hovered at 105.7 a dollar, while the risk-sensitive Australian and New Zealand dollars edged ahead, with the Aussie last up 0.13% at $0.7191.

 

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