Japanese stocks rise to a week's high on hopes of coronavirus slowdown, Wall St rally [Reuters]
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Source: Reuters
Japanese stocks rise to a week's high on hopes of coronavirus slowdown, Wall St rally SYDNEY, April 7 (Reuters) - Tokyo shares gained on Tuesday, supported by tentative signs of the coronavirus crisis likely levelling off in New York and other global hot spots, with long-only investors still awaiting details of Japan’s massive economic stimulus package. The benchmark Nikkei average rose 1.3% to 18,808.53 by the midday break, its highest level since March 31, tracking sharp gains in Wall Street stocks overnight. U.S. stocks rallied on Monday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all rallying more than 7%, encouraged by the slowing death toll from the virus in global hot spots, including New York and Italy. The broader Topix rose 1.2% to 1,392.99, with nearly four-fifths of the 33 sector sub-indexes on the exchange trading in positive territory. Stocks that were battered more in recent weeks fared better on Tuesday. Tokyo Electron Ltd climbed 5.1% and Adv
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