13.30 PM: Asian Markets Update:

Asian shares recouped some of their recent steep losses on Monday as beaten-down Chinese markets drew retail bargain hunters, while stellar US earnings and progress on an infrastructure bill supported Wall Street futures.

Australian stocks hit a record, helped by Square Inc’s $29 billion bid for buy now, pay later (BNPL) pioneer Afterpay Ltd.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.8%, having hit its low for the year so far last week.

Japan’s Nikkei bounced back 1.8%, but that was from its lowest since January.

News Source:- Moneycontrol

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