Asian equity markets extended gains on Tuesday after the United States, Italy, and Spain reported a steady decline in COVID-19 cases over the weekend.
South Korea s KOSPI inched up by 0.95% at 10:23 PM ET (3:23 AM GMT) as Samsung Electronics exceeded expectations after announcing that their first-quarter profits reached near $5.2 billion.
Japan s Nikkei 225 gained a moderate 0.93% after Prime Minister Abe rolled out a 39 trillion ($357.55 billion) stimulus package before declaring a state of emergency.
Hong Kong s Hang Seng Index gained by 0.26%. Meanwhile, China s Shanghai Composite and the Shenzhen Component gained 1.53% and 2.32% respectively.
Australia s ASX 200 dipped by 0.5%, losing gains made earlier. The Reserve Bank of Australia is due to announce an interest rate resolution later in the day.
https://maxitrade.com/en/asian-equities-extends-gains-as-covid-19-cases-slow-down
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #disputes on Discord