Some Asian Markets Surge to Bull Territory on Easing Death Toll

(Bloomberg) — South Korean, Philippine and Indonesian stocks are the first in Asia Pacific to enter technical bull markets, rising over 20% from lows reached just weeks ago, as investor sentiment was buoyed by a slowing death toll in some of the world’s coronavirus hotspots.Asia’s regional benchmark climbed 2.5%, the most in about two weeks. New York State fatalities fell for the first time, and Italy had the fewest deaths in more than two weeks. President Donald Trump said he sees signs the U.S. outbreak is beginning to level off. Markets were also optimistic about Saudi Arabia, Russia and other …read more

Source:: Yahoo Finance


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