· Asian share markets followed Wall Street higher on Tuesday as China’s factories struggled to re-open after an extended break, though analysts warned investors might be underestimating how economically damaging the challenge was likely to be.
Investors seemed to be hoping for the best and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%, with Shanghai blue chips .CSI300 ahead by 0.8%.
Japan's Nikkei .N225 was closed for a holiday, although Nikkei futures NKc1 traded 0.8% firmer. Futures for the EUROSTOXX 50 rose 0.7% and the FTSE 0.5%.
· China shares closed higher for a sixth straight session on Tuesday as a fall in new cases of the coronavirus in China lifted investor sentiment.
The Shanghai Composite index closed 0.4% higher at 2,901.67. The blue-chip CSI300 index gained 0.9%.
· European shares rose to a record high early Tuesday as a slowdown in the rate of new infections in the coronavirus outbreak provided some relief, although markets still worried over the wider global economic impact.
The pan-European STOXX 600 index rose as much as 0.7% to a record high of 427.46. The index has seen several volatile weeks after news of the outbreak, as investors weighed the economic impact and also the effects of liquidity measures put in place to soften the blow on the world’s second-largest economy.
Reference: CNBC, Reuters
Thai
Eng