Asian shares recorded a four-month high on Wednesday brought by investors upbeat outlook for the global economy s resumption. Meanwhile, investors sentiment grew even as cases of the novel coronavirus were seen reaching unprecedented levels.
MSCI s broadest index of Asia-Pacific shares outside Japan advanced 0.5%, reaching its strongest record since the virus crisis ravaged markets in early March.
South Korea led with a 1.6% increase, while Japan s Nikkei was held flat by a firm yen. E-Mini futures for the S P 500 salvaged initial losses, gaining a total of 0.2%. EURO STOXX 50 futures shed 0.3%.
Updates regarding the virus crisis were hardly encouraging as several U.S. states monitored an upsurge in new cases. More so, the death toll in Latin America breached 100,000 on Tuesday, a report from Reuters showed.
https://www.umarkets.com/en/news/asian-shares-hit-four-month-high-on-persistent-market-optimism