Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
MSCI's broadest index of Asia-Pacific shares outside of Japan rose for a ninth straight session for its longest winning streak since early 2018. It was last up 0.76per cent at a three-month peak. Tai said the"road to recovery" was still long while the threat of a second wave of coronavirus infections cannot be ruled out yet.
U.S. stocks were also bolstered by a move by the Federal Reserve to ease the terms of its"Main Street" lending program to encourage more businesses and banks to participate.
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