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Asian stocks gain on hopes pandemic is approaching peak

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Asian shares rise on hopes the virus pandemic is nearing a peak and that governments would roll out more stimulus measures

A currency trader walks by the screens showing the Korea Composite Stock Price Index and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 9, 2020

New York Governor Andrew Cuomo said the state's efforts at social distancing were working in getting the virus under control in one of the biggest hot spots in the United States. The S&P 500 gained 3.41 percent on Wednesday, helped by hopes the pandemic was nearing its peak. However, US stock futures gave up earlier gains to be down 0.27 percent

McDonald's Corp said global comparable sales tumbled 22.2 percent in March, while Starbucks Corp forecast a 47% drop in second-quarter earnings.

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Asian stocks gain on hopes pandemic is approaching peakAsian stocks gain on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures by stanleywhite1 ChrisPrentice Follow our live blog for the latest updates on the coronavirus: stanleywhite1 ChrisPrentice Things will never be the same unless there is a go-to treatment or better a vaccine
Source: Reuters - 🏆 2. / 97 Read more »