BEIJING – Asian stocks followed Wall Street higher Tuesday after President Joe Biden invited Republicans to a meeting to discuss economic aid, while silver eased off an eight-year high.
Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul all advanced. On Wall Street, the benchmark S&P 500 index gained 1.6%, recovering some of losses earlier in the week amid frenzied trading of video game retailer GameStop and other stocks targeted by novice day traders.
In Washington, Biden invited 10 moderate Republicans to the White House to discuss his proposed $1.9 trillion economic aid plan.
Republicans earlier countered with an offer of $600 billion, or less than one-third of Biden's proposed amount. “The sound of more stimulus, which tends to