Asia stocks higher after Wall Street gains on recovery hopes

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Asian stock markets gained Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls.

Asked whether there might be deaths as curbs ease, Trump told ABC News, “It’s possible there will be some.”

Sydney’s S&P-ASX 200 lost 0.3% to 5,388.90. Benchmarks in New Zealand and Singapore advanced while Jakarta declined. Bangkok was closed for a holiday. China, where the pandemic began in December, has allowed factories and some other businesses to reopen. France, Spain and other European governments are taking similar steps.U.S. states including Texas and South Carolina have allowed restaurants and some other businesses to reopen. California might allow some retailers to resume serving customers this week.

The S&P 500 gained to 2,868.44. The Dow Jones Industrial Average rose 0.6% to 23,883.09. The Nasdaq climbed 1.1% to 8,809.12.

 

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