Asia shares up on multi-trillion dollar stimulus hopes
Sun Online Desk
Published: 27 Mar 2020, 08:56 AM
Shares in Asia have continued a global stock market rally on hopes global authorities will do more to combat the impact of the coronavirus.
On Thursday, top US share indexes capped their best three-day gains since the Great Depression.
It comes as investors expect the US Congress to pass a massive stimulus package by the end of Saturday.
The Group of 20 (G20) major economies has also pledged to inject over $5 trillion into the global economy, reports BBC.
Japan's benchmark Nikkei 225 gained 1.6%, the Hang Seng in Hong Kong was up by 1.6% and China's Shanghai Composite rose 1%.
That followed the Dow Jones Industrial Average and S&P 500 both climbing more than 6% on Wall Street, capping their best three-day streaks since the Great Depression of the 1930s. The tech-heavy Nasdaq ended higher for a second day, up 5.6%.