Asian markets gain after Trump signs stimulus bill

Shanghai, Tokyo and Hong Kong mostly gained as traders returned to work following a three-day Christmas weekend

Asian markets gain after Trump signs stimulus bill
A visitor walks past a board displaying flight arrival and cancellation information at Tokyo’s Haneda airport on Sunday

Asian markets are posting gains Monday, hours after U.S. President Donald Trump signed a $900 billion economic stimulus package he had seemed to oppose.

Japan’s benchmark Nikkei index finished 0.7% higher. The S&P/ASX index in Australia is up 0.3%, and Taiwan’s TSEC index gained a full one percent.

Shanghai’s Composite earned nearly three-quarters of one point but was unchanged percentage-wise (+0.02). South Korea’s KOSPI index was also unchanged (+0.06) after earning 1.74 points.

In late afternoon trading, Hong Kong’s Hang Seng index is down 0.2%, while the Sensex in Mumbai is up 0.7%.

The $900 billion measure President Trump signed into law Sunday night includes an additional $300 in weekly jobless benefits and $600 in direct payments to millions of individual Americans. The measure is part of a larger package that funds the federal government through September.

In commodities trading, gold is selling at $1,888.60, up 0.2%. U.S. crude oil is selling at $48.46 per barrel, up 0.4%, and Brent crude oil is up 0.3%, selling at $51.48 per barrel.

All three major U.S. indices are trending positively in futures trading.

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