Asian stocks rise amid economic optimism and US infrastructure deal

Asian stocks rise amid economic optimism and US infrastructure deal

Asian stocks opened in the green Friday after US shares hit a record on a bipartisan $579 billion US infrastructure deal that stoked economic optimism. The dollar held a retreat.

Shares climbed in Japan, South Korea and Australia, and Hong Kong futures pointed higher. US contracts were little changed after the S&P 500 and Nasdaq 100 reached new peaks. Sectors seen as beneficiaries of the recovery from the pandemic, such as energy, led gains. US banks rose in postmarket trading after clearing stress tests.