Global markets have mostly advanced but Japan's Nikkei 225 dipped ahead of Lunar New Year holidays after new data showed weaker-than-expected economic growth in the latest quarter.

Wall Street’s pause from its record-breaking rally didn’t last long.

Asian shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating. (AP Photo/Koji Sasahara)BANGKOK – Asian shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating. Analysts think Asian shares will continue to rally, cheered by the recent gains on the U.S. and European markets. Hopes for a recovery are being driven partly by the COVID-19 vaccine rollouts, said Prakash Sakpal, senior economist Asia at ING. A vaccine rollout is starting in Japan this week, a nation that's lagged behind the U.S. and Europe with the inoculations.

Stocks were mixed in Asia on Wednesday, Aug. 19, 2020, after the S&P 500 logged a fresh all-time high. (AP Photo/Eugene Hoshiko)Asian shares were mostly higher Wednesday after the S&P 500 logged a fresh all-time high. Overnight, Wall Street clawed back the last of the dizzying losses unleashed by the new coronavirus, as the S&P 500 picked up 0.2% to 3,389.78, surpassing its previous record closing high of 3,386.15. Many investors acknowledge the disconnect between the stock market and the broader economy, but they say the rally has been built on top of several supports. That assumption is a huge reason the stock market is as high as it is.