FOCUS: Biden victory likely to boost Tokyo stocks, market eyes policy

Tokyo stocks are likely to see a sustained rise as Joe Biden’s win in the U.S. presidential election has raised expectations he will implement a large fiscal stimulus package to boost the coronavirus-hit economy.Following a postelection buying spree on the Tokyo market, many investors are expected to take a wait-and-see stance as they size up Biden’s proposed economic policies such as tax hikes on the wealthy and financing investments ranging from infrastructure to clean energy and regulations on Facebook Inc. and other U.S. technology giants.However, the degree of global economic recovery fro…

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HEDGE accordingly