SYDNEY (Reuters) – Asian stocks rallied for their ninth straight day on Tuesday and oil costs jumped as the lifting of coronavirus lockdowns in many nations fed investor hopes of a fairly fast international financial healing.
FILE IMAGE: A male wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, strolls in front of a stock quote board outside a brokerage in Tokyo, Japan, May 18,2020 REUTERS/Kim Kyung-Hoon
Markets have been especially encouraged by a Might U.S. jobs report recently that revealed a surprise fall in the joblessness rate, sending out Wall Street indices rising with the Nasdaq IXIC hitting a record close on Monday.
Worldwide monetary markets were battered in March as investors stressed over degree of both the brief and longer term damage to the world economy from the coronavirus pandemic. But many indices are now back to pre-COVID-19 levels.
MSCI’s broadest index of Asia-Pacific shares beyond Japan.MIAPJ0000 PUS rose for a ninth straight session for its longest winning streak because early2018 It was last up 0.76%at a three-month peak.
Australia’s S&P/ ASX 200 jumped 2.5%while Chinese shares started on a firm footing with the blue-chip CSI300 index CSI300 rising