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Saturday, 11 April 2020 15:44

Asian markets rise after Fed stimulus boosts Wall Street

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Asian markets were mostly higher on Friday after the latest US coronavirus stimulus measures boosted Wall Street overnight. As quoted by AFP.com Friday March 10, in its latest attempt to ease the economic pain inflicted by the COVID-19 pandemic, the US Federal Reserve said it would pump $2.3 trillion through new lending programmes.

The strong close on Wall Street boosted Tokyo's benchmark Nikkei 225, which finished 0.8 percent higher. Mutsumi Kagawa, chief global strategist at Rakuten Securities stated the market remains in a "tug-of-war between those who are pessimistic about the pandemic and those who are optimistic, they don't want to miss a rare chance to buy" shares at low prices//AFP

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