Asian markets mixed after rally, but optimism remains

Hong Kong

Equities were mixed in Asian trade Tuesday following a recent rally, although optimism remains among investors as vaccinations are rolled out, infections fall and Joe Biden tries to push through his massive stimulus.

While there is a growing sense of concern that valuations may have gone too far for now — having enjoyed a strong rally in recent months — the general mood is one of optimism that the global economy will break out as life gradually he US president’s $1.9 trillion rescue bill is winding its way through Congress and while Biden might not get the broad bipartisan deal he had hoped for, the Democrat majority in both houses is likely to be enough for them to pass a large package.—AFP

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