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Asian shares steady after Wall St caps best week since 1974

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BANGKOK – Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis.

Many regional markets were closed for Easter weekend holidays. Japan's Nikkei 225 index advanced, gaining 0.8% to 19,326.78.

In South Korea, the Kospi jumped 1.3% to 1,859.60. Shares also rose in Taiwan and Malaysia. But the Shanghai Composite index lost 1%, to 2,798.07.

Overnight, the U.S. central bank announced programs to provide up to $2.3 trillion in loans to households, local governments and businesses as the coronavirus outbreak tips the country into what economists say may be the worst recession in decades.

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