SINGAPORE (Reuters) – Asian stocks rose on Tuesday as financiers’ concentrate on the prospects of an international coronavirus recovery won out over familiar fret about U.S.-China relations and the depth of financial damage.
FILE PICTURE: Passersby wearing protective face masks following a break out of the coronavirus illness (COVID-19) are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, March 17,2020 REUTERS/Issei Kato
Hampering more comprehensive global risk appetite, nevertheless, was U.S. President Donald Trump’s vow to use force to end violent demonstrations in American cities, which kept Wall Street stock futures negative in Asia.
MSCI’s broadest index of Asia-Pacific shares outside Japan, which had its finest day in two months on Monday, extended its rally without panache – rising 0.41%.
European stocks were headed for a strong start with the pan-region EUROSTOXX 50 futures up 0.71%, FTSE futures acquiring 0.52%and German DAX futures up 0.59%in Asian afternoon trade.
The dollar nursed heavy losses, however steadied, and bonds firmed.
The week had actually begun with a surge in riskier currencies and worldwide equities after Trump’s response to China’s tightening up grip on Hong Kong – with hazards, not tariffs – was seen reducing the temperature of Sino-U.S. tension.
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