Asian shares rally on Bank of Japan’s stimulus measures
The central bank announced more stimulus steps to help cushion the economic effect of the coronavirus
27 April 2020 - 09:34
Sydney — Asian shares bounced on Monday as the Bank of Japan (BoJ) announced more stimulus steps to help cushion the economic effect of the coronavirus, while oil took another spill as the world ran short of space to store it.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.8%, taking back a chunk of last week’s 2.6% decline. Japan’s Nikkei gained 2.6%, and Chinese blue chips 1%...
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