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.

Asian Shares

  • 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.

Currency

  • The dollar fell to 107.31 Japanese yen from 107.55 yen on Wednesday.
  • The euro edged up to $1.1138 from $1.1131.

Commodities

  • 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.

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