SYDNEY (Reuters) – Asian shares forged ahead on Tuesday while U.S. stock futures breached a significant chart barrier as investors brushed previous Sino-U.S. trade stress to more stimulus in China and a re-opening world economy.
FILE IMAGE: A guy using a protective face mask, following an outbreak of the coronavirus (COVID-19), walks past a screen revealing the Nikkei index outside a brokerage in Tokyo, Japan, March 13,2020 REUTERS/Athit Perawongmetha
Japan’s Nikkei N225 took the lead with an increase of 1.7%to its highest since early March when the financial impact of the coronavirus was simply becoming clear.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 1.6%, while South Korea KS11 increased 1.5%.
E-Mini futures for the S&P 500 climbed 2%to clear the 3,00 0 chart level. EUROSTOXX 50 futures added 0.98%and FTSE futures 2.2%.
Chinese blue chips CSI300 firmed 0.8?ter the country’s reserve bank stated it would strengthen economic policy and continue to press to lower rates of interest on loans.
While mostly reiterations of previous remarks, they helped balance out the war of words in between Washington and Beijing over t