Asia indices up on likely passage of US tax cut bill

Nikkei








Asian indices were mostly higher tracking the record close in the US markets on Friday as investor sentiment got a boost due to strengthening expectations of a tax rate cut in the US increased.

Lawmakers are expected to vote on the tax-cut bill this week.

Among sectors, technology and automobile companies were the top gainers, while steel companies lagged.

At the time of filing, Nikkei was at 22781.4 up 1.01%, Hang Seng was at 28990 up 0.49%, Taiex was at 10512 up 0.44%, Shanghai Composite was at 3280 up 0.43%, Straits Times was at 3420.1 up 0.09% and Kospi was at 2478.9 down 0.11%.
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