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Stock impact report

Japan stocks jump more than 2% on hopes of coronavirus treatment [CNBC]

Gilead Sciences, Inc. (GILD) 
Last gilead sciences, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gilead.com
Company Research Source: CNBC
Stocks in Asia rose in Thursday morning trade following positive developments overnight on a potential new treatment for Covid-19. Stocks in Japan, which returned to trade following a Wednesday holiday, led gains regionally. The Nikkei 225 jumped 2.49% as shares of robot maker Fanuc soared about 6%. The Topix index also rose 1.65%. Mainland Chinese stocks rose in early trade, with the Shanghai composite up about 0.8% while the Shenzhen composite added 0.847%. The S&P/ASX 200 in Australia also rose 1.31%. Overall, the MSCI Asia ex-Japan index traded 0.62% higher. Markets in Hong Kong and South Korea are closed on Thursday for a holiday. Investors watched for market reaction to developments overnight regarding the use of Gilead Sciences' antiviral drug remdesivir as a potential new treatment for Covid-19 patients. Gilead Sciences said Wednesday preliminary results of a coronavirus drug trial showed at least 50% of patients treated with a five-day dosage of remdesivir improved and more Show less Read more
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