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Asia stocks mixed after Wall St falls on Biden tax report

Joe Biden city Beijing city Tokyo city Seoul city Shanghai city Hong Kong president Coronavirus
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BEIJING – Asian stock markets were mixed Friday after Wall Street fell following a report that President Joe Biden will propose raising taxes on the wealthiest investors.

Shanghai, Hong Kong and Seoul rose while Tokyo and Sydney retreated. Wall Street's benchmark S&P 500 index lost 0.9% overnight after Bloomberg News, citing unidentified sources, said Biden will propose raising taxes on people who make more than $1 million on stock trades.

That added to a mix of better corporate profits and U.S. hiring, unease that inflation and interest rates might rise and renewed coronavirus infections that have prompted some governments to tighten anti-disease controls.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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