Asia shares extend gains as economies slowly re-open, oil rallies [Reuters (UK)]
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Source: Reuters
Asia shares extend gains as economies slowly re-open, oil rallies - Reuters 5 Min Read SYDNEY/NEW YORK (Reuters) - Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up. Risk assets including equities have rallied for most of this month thanks to heavy doses of fiscal and monetary policy stimulus around the globe aimed at softening the economic blow from the COVID-19 pandemic. Positive news around potential treatments for the infection as well as progress in developing a vaccine have also boosted sentiment recently. Moreover, investors have regained some confidence as parts of the United States, Europe and Australia are gradually easing restrictions while New Zealand this week allowed some businesses to open. These factors helped lift MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS by 0.9% on Wednesday, having ralli
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