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· Asian stocks gain, yuan soars as traders bet on U.S. stimulus, again

Asian shares and U.S. stock futures rose on Wednesday as renewed hopes for a new round of U.S. stimulus drew money into equities from government debt.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.51%, while Tokyo shares .N225 gained 0.42%.

The yuan CNY=CFXS surged to the strongest level against the dollar in more than two years on growing optimism about China's economy and speculation that a victory for U.S. Democrat presidential candidate Joe Biden next month will lead to better Sino-U.S. ties.

· Japanese stocks rise on U.S. stimulus optimism

Japanese shares closed higher on Wednesday as optimism that U.S. lawmakers could reach an agreement on a pre-election stimulus package lifted riskier assets globally.

The benchmark Nikkei share average settled 0.31% higher at 23,639.46, erasing some of Tuesday’s losses with 188 advancers on the index against 35 decliners. The broader Topix gained 0.73% to 1,637.60.

· China shares inch lower as EVs, tech firms drag; optimism around economy caps losses

China shares ended lower on Wednesday, dragged down by profit-taking in new-energy vehicle and technology stocks due to their high valuations, while confidence in the country’s economic recovery from the COVID-19 pandemic restrained the losses.

At the close, the Shanghai Composite index was down 0.09% at 3,325.02, narrowing the loss earlier in the day. ** The blue-chip CSI300 index was down 0.01%, with its financial sector sub-index higher by 0.92%, the consumer staples sector down 0.08%, the real estate index up 0.27% and the healthcare sub-index down 0.07%.