Asia shares set to follow Wall Street's rally | Malay Mail

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WASHINGTON, April 9 ― Asian shares were poised to track Wall Street's gains today on hopes the coronavirus pandemic is nearing a peak and that governments would roll out more stimulus measures. Rising US stocks yesterday had lifted the MSCI's index of global equities more than 2 per cent despite...

Today, Hong Kong futures rose and Australian shares were set to open higher. — AFP pic

US President Donald Trump said he would like to reopen the US economy with a “big bang” but that the death toll from the coronavirus first needs to be on the down slope. The pandemic is still infecting and killing large numbers of people across Europe and there is still no sign that the peak of the region's outbreak has been reached, the EU's disease monitoring agency said.

But Congressional efforts were stalling as Democrats said they would only back a US$250-billion measure that was coupled with similar amounts of aid for hospitals and local governments.

 

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