Asian shares rise following stimulus-led surge on Wall Street
Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its economic impact.
- Japan’s benchmark Nikkei 225 rose 0.8% to 21,262.49.
- Australia’s S&P/ASX 200 added 1% to 6,390.60.
- South Korea’s Kospi gained 0.7% to 2,073.99.
- Hong Kong’s Hang Seng jumped 1.2% to 26,529.35.
- The Shanghai Composite surged 1.4% to 3,053.91.
- The dollar fell to 107.31 Japanese yen from 107.55 yen on Wednesday.
- The euro edged up to $1.1138 from $1.1131.
- Benchmark crude oil rose 55 cents to $47.33 a barrel in electronic trading on the New York Mercantile Exchange.
- It fell 40 cents to settle at $46.78 a barrel. Brent crude oil, the international standard, gained 71 cents to $51.84 a barrel.