Shares, dollar cheer US stimulus; bonds downcast

Shares, dollar cheer US stimulus; bonds downcast

The Edge Markets - World·2021-03-08 15:03

SYDNEY (March 8): Asian shares rallied on Monday while the dollar held near three-month peaks after the U.S. Senate passage of a $1.9 trillion stimulus bill augured well for a global economic rebound, though it also put fresh pressure on Treasuries.

There was also upbeat news in Asia, as China's exports surged 155% in February compared with a year earlier when much of the economy shut down to fight the coronavirus.

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