Global Markets Gain as U.S. Infrastructure Bill Back on Track

Asian market open on a positive note on Wednesday morning marching with the gains seen over U.S. indices overnight.

The KOSPI, TOPIX, CSI300, HSI are trading on a positive momentum up by 0.21%, 0.00%, 0.18% and 0.88% respectively.

Overnight the S&P500 and Nasdaq closed by 1.77% and 2.4% respectively, sharply retreating from three days losses amid concerns on domestic investment bill.

Sentiment in the market boosted after President Joe Biden said he still has a chance to strike a deal with Senator Joe Machin to get his roughly $2 trillion economic plan.

Adding to the arsenal of COVID-19 treatment, the U.S. Food and Drug Administration is set to authorize an oral drug from Pfizer Inc. and Merck & Co. this week.