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Asian shares mostly up on optimism for stimulus from Biden

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TOKYO – Asian shares mostly rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street.

Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, starting a recovery that's crucial for the export-driven Asian region.Japan's benchmark Nikkei 225 rose 0.8% to finish at 28,756.86.

Australia's S&P/ASX 200 gained 0.8% to 6,823.70, while South Korea's Kospi edged up 1.1% to 3,147.51. Hong Kong's Hang Seng slipped 0.3% to 29,887.89, while the Shanghai Composite added 1.0% to 3,619.82.

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