Japan Stocks Jump Almost 4% as Fed Ramps Up Stimulus Measures
Tuesday, 24 March 2020 07:24 WIB | MARKET UPDATE | Indeks MSCI Asia PasifikSaham AsiaIndeksTopixSaham JepangNikkei 225

Stocks in Asia jumped in Tuesday morning trade as authorities ramped up stimulus measures to combat the economic impact of the global coronavirus outbreak.

Japan™s Nikkei 225 led gains among the region™s major markets as it surged 3.76% in early trade while the Topix rose 2.51%. In South Korea, the Kospi also rose 2.39%.

Meanwhile, shares in Australia advanced in morning trade, with the S&P/ASX 200 up more than 2%.

Overall, the MSCI Asia ex-Japan index traded 0.95% higher.

The U.S. Federal Reserve announced an open-ended asset purchase program on Monday. The central bank said the program will run in the œamounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy. 

Source : CNBC

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