Sydney — Asian shares advanced for a second consecutive session on Monday, underpinned by coronavirus hopes after the US Food & Drug Administration authorised the use of blood plasma from recovered patients as a treatment option.
South Korea’s Kospi, which has been on a slippery slope since hitting a more than two-year peak earlier this month, climbed 0.9%. Analysts still urged caution with Wall Street indices already at record highs even as the world economy struggles to recover from the once-in-a-century pandemic. Looming large over this week is a keenly anticipated address by Federal Reserve chair Jerome Powell at the Kansas City Fed Jackson Hole symposium, where he will talk on the Fed’s monetary policy framework review.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: