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Asian shares mixed after stimulus lifts Dow, S&P to records

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BANGKOK – Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street.

Tokyo’s benchmark rose 1.7%. Hong Kong declined but the Shanghai Composite index recovered from early losses. Oil prices fell and the yield on the U.S.

10-year Treasury rose to 1.57%. U.S. markets surged Thursday after President Joe Biden signed into law a sweeping pandemic relief package that would provide $1,400 checks for most Americans and direct billions of dollars to schools, state and local governments, and businesses affected by pandemic-related shutdowns, which began a year ago.

That and progress in vaccinations against Covid-19 have helped settle some of the uncertainty that has roiled markets in recent

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