Asia: Markets extend gains on hopes virus crisis is easing

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[HONG KONG] The easing of lockdowns around the world and signs that economies are slowly recovering provided further impetus for Asian stocks Tuesday, though traders remain on edge over China-US tensions and growing unrest across several large American cities. Read more at The Business Times.

Tokyo rose 0.8 per cent, while Hong Kong climbed 0.5 per cent after a more than three percent surge Monday.

Investors appeared to brush off news that China had ordered its state-run agricultural firms to temporarily halt buying some US farm goods, which raised questions about the impact on the countries' trade pact signed in January. Observers are keeping tabs on violent protests gripping some of the United States' biggest cities following the killing of a black man by a police officer, with Trump threatening to send soldiers into the streets.

 

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