Asian markets surge on reopening optimism
Equities on Asian markets traded significantly higher on Tuesday following reports on further removal of the state of emergency measures in Japan, sparking investors’ optimism regarding economic recovery. China reported six coronavirus cases in the mainland part of the county, with three of them being imported. Meanwhile, the Australian government stressed that there was “no trade war” with Beijing, after China introduced tariffs on Australian agricultural products. In business news, Zoom banned Chinese individual users from signing up.
The Nikkei 225 index jumped 1.91% at 4:30 am CET. The Shanghai Composite rose by 0.68% at 4:43 am CET and the Shenzhen Composite Index increased by 0.76% at 4:59 am CET. The Hang Seng advanced 1.98% at 4:58 am CET. The Kospi in South Korea was 1.48% up at the same time. The S&P/ASX 200 in Australia gained 2.00% at 5:00 am CET.
The dollar was 0.06% higher compared to the Japanese yen at 5:01 am CET, trading for 107.4020.
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