Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies’ announcements of developments that could aid in the coronavirus outbreak.
- Japan’s benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91.
- Australia’s S&P/ASX 200 added 2.0% to 5,285.50.
- South Korea’s Kospi picked up 1.6% to 1,743.84.
- Hong Kong’s Hang Seng stood at 23,517.68, up 1.5%.
- Shanghai Composite gained 06% to 2,764.16.
The S&P 500 rose 3.4% Monday for its fourth gain in the last five days.
- Benchmark U.S. crude added $1.44 to $21.53.
- Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel.
- The dollar was trading at $108.50, down from $107.57 Monday.
- The euro inched down to $1.1028 from $1.1094.