Equity markets in the Asia-Pacific region were mostly in upbeat mood on Friday thanks to expectations of additional government stimulus in the United States after Congress approved the victory of Democrat Joe Biden which agenda is known for its expansionary fiscal policy bias.
US Congressmen certified the results of the US presidential election at the joint meeting on Wednesday. The meeting was interrupted due to protests by supporters of Donald Trump, who were able to overcome the police cordon and break into the Capitol building. The security service was forced to evacuate senior members of Congress for a while. Trump has said he will ensure an orderly transfer of power to Biden on his inauguration day on January 20, 2021.
Meanwhile, the Democratic Party gained a majority in the US Senate thanks to victories in Georgia run-off elections, according to calculations by NBC and Associated Press. According to their projections, the Democratic candidates will receive both Senatorial seats from Georgia.
Japanese Prime Minister Yoshihide Suga has announced a state of emergency in Tokyo and three surrounding areas in response to the rise in coronavirus infections. The regime, which will run from Friday, January 8, until February 7, provides for the closure of restaurants and bars no later than 20:00. In his statement, the prime minister urges the nation to stay at home whenever possible and avoid crowded places. No penalties are planned. At the same time, shopping centers and schools remain open, cinemas, museums and other similar institutions are recommended to reduce attendance.
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