London and Frankfurt opened more than 4% higher and Shanghai, Hong Kong and other Asian markets advanced. Seoul surged 7.4%.
Hopes are rising that there will be progress in finding virus treatments and that "a boatload of stimulus by both central banks and governments will put the global economy in position for a U-shaped recovery," said Edward Moya of Oanda in a report. Investors also appeared to be encouraged by reports that China is set to ramp up stimulus spending after the province where the virus emerged in December showed no new infections on Wednesday.
The Kospi in Seoul advanced 7.4% to 1,566.15 and Australia's S&P-ASX 200 added 0.7% to 4,816.60 after being up more than 4% at one point.The U.S. Federal Reserve unveiled measures Thursday to support money-market funds and the borrowing of dollars as investors in markets worldwide hurry to build up dollars and cash as insurance against falling asset prices.
More than 10,000 people have died. There are more than 244,000 cases worldwide, including nearly 85,000 people who have recovered.
Belgique Dernières Nouvelles, Belgique Actualités
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