Asian markets surge as Japan reveals stimulus package

Tuesday, 07. April 2020 07:32

Shares on the Asia-Pacific markets soared on Tuesday as Japan's Prime Minister Shinzo Abe revealed the country's legislation for easing the COVID-19 impact will be worth $357 billion and will be coming in two phases. Also, the International Monetary Fund (IMF) said earlier, the recovery from coronavirus in China is encouraging. China's National Health Commission (NHC) reported no virus-related deaths were registered on the mainland in the last 24 hours.

The Nikkei 225 surged 0.90% at 7:30 am CET, while the Kospi Composite jumped 1% concurrently. Shanghai Composite and Shenzhen Composite rose 1.81% and 2.70%, respectively, at 7:31 am CET. Hang Seng grew 0.49% at 7:31 am CET, while the S&P/ASX 200 decreased by 1.17% at 7:32 am CET.

The dollar lost 0.40% against the yen to sell for ¥110.7800 at 7:32 am CET.

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Breaking the News / TF