Japan stocks rallied 2% as Dow rebounds on stimulus hopes
|- Dow Jones Industrial Average, or DJIA, ended 1,048.79 points, or 5.2%.
- Nikkei 225 has added 0.17% while the Topix index added 0.86%.
Shares in Asia Pacific were mixed in Wednesday morning trade following a rise on Wall Street on turn-around Tuesday as the White House spoke of a fiscal stimulus package worth anywhere from $850 billion to more than $1 trillion.
In Japan, the Nikkei 225 has added 0.17% while the Topix index added 0.86%. The hopes of fiscal stimulus around the world are supporting share prices. In the US, the stimulus to help individuals with the economic consequences of lockdown was cheered by US benchmarks as well, with some of the package coming in direct payments to Americans, a sum of around $1000 was mentioned.
In US markets
The Dow Jones Industrial Average, or DJIA, ended 1,048.79 points, or 5.2%, higher, to 21,237.31. The S&P 500 index put on 143.06 points, adding 6%, to close at 2,529.19. The Nasdaq Composite Index ended higher 430.19 points or 6.2%, at 7,334.78. Meanwhile, oil prices edged higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.45% at $28.86bbls. WTI futures added 0.15% to $26.99bbls, more on that here: WTI stabilizing just ahead of the 2016 lows
Nikkei levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.