Asia: Markets extend gains, dollar sinks on stimulus pledges

The Business Times | Mar 27, 2020 at 12:00 AM
  • Asian equities rallied again and the dollar extended losses on Friday.
  • The advance in Wall Street extended into Asia, where Tokyo went into the break 1.2 per cent higher, while Hong Kong, Seoul, Wellington and Taipei also rose more than one per cent.
  • Also, industry consultant IHS Markit warned that current output levels cannot be sustained throughout the second quarter because storage capacity will fill up.