Asian stocks mostly higher as trade, virus treatment hopes lift mood

SINGAPORE/HONG KONG - Asia’s stock markets were mostly higher on Tuesday as investors cheered signs of progress in U.S.-China trade negotiations and following a fresh Wall Street rally.

Markets worldwide were boosted when U.S. regulators on Sunday authorised the use of blood plasma from recovered COVID-19 patients as a treatment option, helping the S&P 500 1% higher to another record close overnight. “The strong rebound in markets continues to be driven by the large amounts of money governments and central banks keep throwing at the system,” Milroy said.

That seemed to overshadow a rise in coronavirus cases in Europe and the first documented case of human re-infection with COVID-19, where a man in Hong Kong caught the virus again some four months after first being infected. Investors now await a Thursday speech from Federal Reserve chairman Jerome Powell and expect he might address the future approach to inflation and allow it to run hotter than 2% to make up for years of undershooting.

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Asia Pacific stocks set to trade higher as S&P 500 hits another all-time highOvernight stateside, the S&P 500 rose 1% to 3,431.28 and hit an all-time high, with Monday also marking the index's first-ever close above 3,400. Color usage in china is f*cked up! Oh the bubble.
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Global stocks rally as investors pin hopes on coronavirus treatmentAsian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after U.S. regulators authorised the use of blood plasma from recovered patients as a treatment option. Congrats to the federalreserve and stevenmnuchin1 they managed to make the stock market look like a ridiculous casino In the worst environment ever the rich are getting richer while millions of workers lost their jobs and starving ad infinitum 🥱 Hope lifts the heart but the algos 'manage' the share prices.
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