Asia markets up on US stimulus hopes

Sun Online Desk

25th March, 2020 12:06:04 printer

Asia markets up on US stimulus hopes

Shares in Asia have continued a global rally, as stock markets bounce back from major losses in recent days.

Expectations are growing that US lawmakers are close to agreeing an almost $2tn plan to ease the economic impact of the coronavirus pandemic.

In the US, the Dow Jones Industrial Average saw its biggest one-day gain in almost nine decades, reports BBC.

The moves continue a pattern of extreme volatility on financial markets as investors grapple with the effects of the outbreak.

In morning trade Japan's benchmark Nikkei 225 gained 5.4%, the Hang Seng in Hong Kong rose 3.3%, and China's Shanghai Composite was up by 1.9%.

It continues a period of unprecedented volatility as markets react wildly to the economic impact of the coronavirus pandemic.

 

 


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