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Asian stock markets rise after Wall St rebounds

Asian stock markets rise after Wall St rebounds

ABC News
Wednesday, December 22, 2021 07:43:04 AM UTC

Asian stock markets have followed Wall Street higher after President Joe Biden reassured investors by calling for more vaccinations but no business or travel curbs in response to the omicron coronavirus variant

BEIJING -- Asian stock markets followed Wall Street higher Wednesday after President Joe Biden reassured investors by calling for vaccinations and testing but no travel curbs in response to the omicron coronavirus variant.

Tokyo, Hong Kong and Seoul advanced while Shanghai was down less than 0.1%.

Wall Street rose, breaking a three-day decline and recovering the previous day's losses.

Biden announced the government will provide 500 million free rapid-test kits and increase vaccination efforts but gave no indication of plans for travel bans or other restrictions that might disrupt the economy. Other governments in Asia and Europe have tightened travel controls or pushed back plans to relax curbs already in place.

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