This translation has been automatically generated and has not been verified for accuracy.A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 6, 2020. Asian stock markets have surged after President Donald Trump was acquitted in an impeachment trial and China promised tax cuts and other help to businesses reeling from a virus outbreak.
Trump was acquitted after a rare trial before the U.S. Senate on charges of abuse of office following accusations he pressured Ukraine to investigate Joe Biden, a potential rival in this year’s presidential election. Sydney’s S&P-ASX 200 added 0.8% to 7,032.01 and benchmarks in Taiwan, New Zealand and Southeast Asia also advanced.On Wall Street, the benchmark S&P 500 index hit a record high, driven by gains for health care and financial stocks.
Tesla plunged 17.2% on reports that the shutdowns in China will delay production at its Shanghai factory. The company warned investors last week that production delays in China were possible.