Bloomberg丨Financial Times: Trump admits defeat in disguise, US stocks hit new highs
With investors expecting a smooth transition of rights in the United States and Biden’s new stimulus policy, the US stock market hit a new high on Tuesday.
The Dow Jones Index rose 1.5%, breaking the 30,000 mark for the first time. The S&P 500 also rose by 1.6%, also setting a record high of 3635 points.
Trump has previously instructed the General Services Administration to initiate the presidential handover process. It means that Trump may accept the election defeat.
In addition, the appointment of Yellen as U.S. Treasury Secretary is also a great benefit to the market. On the one hand, Yellen is highly experienced and highly regarded. On the other hand, she is very familiar with the political structure of the United States, and her policies are more likely to win bipartisan support.
Nikkei Asian Review: China and Japan will resume business relations
On Tuesday, the foreign ministers of China and Japan held a meeting in Tokyo, the first meeting between the two countries in nine months.
The meeting reached an agreement to open their borders before the end of this month for trade. At that time, businessmen of the two countries will be able to conduct short-term business trips or long-term residence.
The agreement was originally scheduled to be reached in October, but was delayed due to the increase in the number of new cases of new coronary pneumonia in Japan.
This is a manifestation of the two countries’ protection of multilateralism and steadily promoting the establishment of Sino-Japanese relations that meet the needs of the new era.