BANGKOK—Stocks advanced Wednesday in Asia 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.
Shares rose in Paris, London, Tokyo, and Shanghai but fell in Frankfurt as Germany’s parliament elected Olaf Scholz as the country’s ninth post-World War II chancellor, opening a new era for the European Union’s largest economy after Angela Merkel’s 16-year tenure.
