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Biden tide lifts risk assets

Photo courtesy: Gage Skidmore, Peoria, AZ, US

Investors reacted positively to major US television networks calling Joe Biden the president-elect. Stocks in China reached all-time highs on expectations of a thaw in Sino-US relations, which have been testy under the Trump administration. MSCI’s broadest index of Asia Pacific shares outside of Japan jumped 1.3% to 613.95 points, the highest since January 2018. The index compiler’s broadest measure…

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