Asia: Most markets up on economy hopes despite virus fears

The Business Times | Jul 1, 2020 at 2:00 AM
  • Markets mostly rose in Asia on Wednesday as investors looked past spiking virus infections and warnings of a US surge in the disease.
  • And while equities are considered unlikely to kick on unless a major breakthrough in a vaccine is made, analysts said the trillions of dollars in government and central bank support continues to provide support.
  • Markets have surged about a fifth from their March lows, thanks to the easing of lockdowns, improving economic data and the huge financial support.