By Gina Lee Investing.com – Asia Pacific stocks rose Thursday morning, following a mixed session for US stocks, on continued expectations of new US stimulus measures and investors took in the US decision to impeach current President Donald Trump. China was down 0.38% at 9:38 PM ET (2:38 AM GMT) and fell 2.10%. Trade data released earlier in the day was positive, with all metrics outperforming. it grew 18.1% year-on-year, grew 6.5% year-on-year and was $ 78.17 billion in December. Chinese tech companies Alibaba Group Holdings Ltd. (NYSE 🙂 and Tencent Holdings Ltd. (OTC 🙂 posted gains on their US stocks after reports that the duo could be spared from a US investment ban. Hong Kong was up 0.21%. The police have reportedly arrested 11 people who have been arrested for helping a group of 12 people flee the city. Japan was up 1.45%. South Korea rose 0.04% and Australia gained 0.48%. U.S. Treasury yields saw their first full session decline in 2021 after rising for six consecutive sessions as investors expect more spending from the incoming Joe Biden administration. An auction of $ 24 billion worth of 30-year bonds was also well bid, further depressing yields. However, yields are expected to resume their climb, in part due to expectations of new stimulus packages from the Biden administration, which takes office the following week. “There is this push-pull relationship between what happens in the bond market and the equity markets … bond yields have risen with the prospect of more stimulus spending and if yields continue to rise, there will be some pressure. on equity markets, “Allianz (DE 🙂 Investment Management senior investment strategist Charlie Ripley told Reuters. Federal Reserve Governor Lael Brainard rejected suggestions that the Fed could reduce its bond buying program in 2021. Fed Chairman Jerome Powell will participate in a webinar later in the day, where he will expects you to discuss issues that include the central bank’s policy framework. On the other side of the Atlantic, Francois Villeroy de Galhau, a board member of the European Central Bank, said the central bank will maintain a relaxed stance for as long as necessary. The House of Representatives voted 232-197 to impeach Trump on the one count of incitement to insurrection for his role in a riot of his supporters that left five dead and the Capitol looted. This is Trump’s second impeachment trial, coming a little over a year after his first and making him the first US president to face a second impeachment trial. All Democrats and ten Republicans, including Liz Cheney, voted for impeachment. Top US officials reportedly canceled international travel plans for the week amid the chaos. Some investors remained cautiously optimistic. “This is going to be a great year for the economy and earnings, but just a good year for the stock market … in other words, I think multiples have slowed down a bit due to the moderate rise in interest rates and inflation, “Bob, Nuveen Doll’s chief equity strategist told Bloomberg.