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Global shares closed in on their record peak on Friday, with Asian shares taking their lead from Wall Street, as progress in vaccine distribution prompted bets on further normalisation in the global economy and earnings recovery.

MSCI’s gauge of Asian shares outside Japan rose 0.4% while Japan’s Nikkei rallied 1%.

An index of the world’s major 50 markets, MSCI ACWI , extended its gains into a fifth straight day to come within reach of a record high touched about two weeks ago.

Read full story on Reuters here