Asian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after U.S. regulators authorised the use of blood plasma from recovered patients as a treatment option.
MSCI's broadest index of Asia-Pacific shares outside of Japan jumped 0.8per cent, edging closer to a six-month high touched last week. Japan's Nikkei reversed early losses to be last up 0.3per cent. Chinese shares rose too with the blue-chip CSI 300 index adding 0.8per cent. South Korea's KOSPI, which has been on a slippery slope since hitting a more than two-year peak earlier this month, climbed 1per cent.
Analysts urged caution with Wall Street indexes already at record highs even as the world economy struggled to recover from the once-in-a-century pandemic. Adding a layer of complication on Trump's re-election campaign, White House adviser Kellyanne Conway on Sunday said she would leave the administration at the end of this month, leaving the president without one of his more passionate spokespersons.