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Stocks advanced in Asia today after another broad rally on Wall Street as investors wagered that the new variant of the Covid-19 virus won't pose a big threat to the economy, AP reports.
Japan downgraded its growth estimate for the last quarter to minus 3.6 per cent from an earlier reported contraction of 3.0pc. The change reflected weaker consumer and public demand and trade and lower levels of private inventories.
Economists are forecasting a rebound in the current quarter, thanks to a recovery in activity as coronavirus caseloads plummeted.
