Asian stocks steady after plunge on virus, oil crash

in DLIKE4 years ago

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Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump's announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.

Oil prices also recovered some of their losses in Monday's record-setting plunge.

China's main stock index rose 1.8% and Tokyo advanced 0.9%. Hong Kong advanced 1.5% and Sydney gained 3.1%.


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