HONG KONG, Jan 15, 2021 (AFP): Joe Biden's US$1.9 trillion stimulus proposal was met with a shrug in Asia on Friday as observers said the massive spending spree had been largely factored into valuations, though optimism about the long-term economic outlook continued to provide support.
Reassurances from Federal Reserve boss Jerome Powell that record-low interest rates and loose monetary policy would remain in place for some time also removed some lingering angst on trading floors.
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