Japan’s benchmark Nikkei jumped more than 5% on Wednesday to a two-week high, tracking Wall Street’s big rebound on hopes U.S. lawmakers will soon approve a massive stimulus package to fight the economic fallout from the coronavirus pandemic.
The Nikkei average climbed 5.7% to 19,129.21 by the midday break, its highest level since March 12.
The benchmark is still down about 20% from its January 17 peak, underscoring the unprecedented health crisis that has severely disrupted the world economy and the daily life of millions with many nations forced into lockdowns. The broader Topix gained 5.2% to 1,402.78, with all of the 33 sector sub-indexes on the Tokyo Stock Exchange in positive territory.
Source : Reuters