Wall Street surge on US stimulus expectations carries Asian shares
Fears about downturn seem to ease but analysts worry that state intervention cannot continue indefinitely
25 March 2020 - 08:11
Tokyo — Asian shares extended their rally on Wednesday in the wake of Wall Street’s huge rebound as the US Congress appeared closer to passing a $2-trillion stimulus package to mitigate the economic blow from the coronavirus pandemic.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.7% with Australian shares jumping 3.4% and South Korean shares gaining 3.5%. Japan’s Nikkei surged 4.8%...
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