Saturday , June 29 2024
Home / Current News / Asia markets up on US stimulus hopes

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.

(DS)

Check Also

BB to start exchange of new notes from 31 March

On the occasion of holy Eid-ul-Fitr, Bangladesh Bank (BB) will start releasing new notes in …

Leave a Reply

Your email address will not be published. Required fields are marked *