Asian stocks were set for a modest bounce on Tuesday as U.S. stock futures edged higher, although fears the coronavirus could drag on the global ...
SYDNEY/NEW YORK: Asian stocks extended gains on Tuesday after China's trade data came in better than expected and as some countries tried to restart their economy by partly lifting restrictions aimed at curbing the coronavirus outbreak.
"While a couple of tail risks appear to be moderating, markets are not out of danger as the impending activity and earnings growth hole in the global economy appears to be larger than we first thought," Perpetual analyst Matthew Sherwood wrote in a note. In the United States, which has recorded the highest number of casualties from the virus in the world, President Donald Trump said on Monday his administration was close to completing a plan to re-open the U.S. economy.
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