Yet even with today’s rally other markets including South Korea and China are still in the red on a weekly basis, leaving plenty of uncertainty whether stocks will be able to sustain this rebound as countries balance reopening their economies with the threat of another wave of coronavirus infections.
(June 16): Asian markets are roaring back from yesterday’s declines, picking up the baton after U.S. equities rallied overnight from another shot in the arm from the Federal Reserve.
The MSCI Asia Pacific Index jumped as much as 3.3% in its biggest increase in about three months on broad gains across the region as benchmarks including Japan’s Topix and the Hang Seng Index in Hong Kong have returned to positive on the week.
