Japan stocks soar 5% as investors await US coronavirus stimulus deal [CNBC]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: CNBC
Stocks in Asia Pacific soared in morning trade on Wednesday following dramatic gains overnight on Wall Street as investors await the announcement of an enormous stimulus deal by U.S. lawmakers. The Nikkei 225 in Japan led gains among major markets in the region, adding 5.03% as shares of index heavyweight Fast Retailing gained 5.41%. The Topix index rose 4.45%. South Korea's Kospi also saw robust gains as it jumped 3.87% while the Kosdaq index added 3.43%. Over in Australia, the S&P/ASX 200 soared 4.08% as the sectors mostly traded higher, with the heavily weighted financial subindex gaining more than 5% as shares of major banks advanced. Overall, the MSCI Asia ex-Japan index traded 1.21% higher. Investors will await developments stateside, with U.S. lawmakers closing in on a massive fiscal stimulus bill worth $2 trillion to combat the economic impact of the coronavirus pandemic, though talks could stretch into Wednesday morning as the two parties continued to work through the text an
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