Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.
U.S. stock indices had eked out gains overnight in a session of choppy trade, after shares of Amazon.com Inc and Netflix Inc surged to record highs, as sweeping stay-home orders by governments to fight the coronavirus pandemic drove demand for online commerce and streaming services. "I think the recovery will look like a square root sign, a"V" at the beginning and then a gradual recovery."
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