· Asian stocks at two-week high as Trump leaves hospital
Asian stock markets advanced to a more than two-week high on Tuesday after U.S. President Donald Trump was discharged from hospital following treatment for COVID-19, and as prospects for a fresh U.S. stimulus package appeared to brighten.
Wall Street had earlier rallied on Trump’s improving health, and futures indicated that European stocks were set to follow suit.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.67% to a two and a half week-high, with Hong Kong .HSI was among the leaders climbing 0.73%. Japan's Nikkei .N225 added 0.56%.
China’s markets remained closed for a holiday.
· Nikkei hits 1-week high after Trump's White House return lifts risk mood
Japanese stocks ended at a near one-week high on Tuesday, as risk sentiment improved after U.S. President Donald Trump returned to the White House following treatment at a hospital for COVID-19, easing fears over political uncertainty.
The benchmark Nikkei share average rose 0.52% to 23,433.73, while the broader Topix gained 0.52% to 1,645.75. Both indexes hit levels unseen since Sept. 30.
Investors took cues from Wall Street’s positive finish overnight when main indexes rose sharply on stimulus hopes and on news President Trump would return to the White House after a three-night hospital stay.
Trump’s doctors told reporters the president has not had a fever in more than 72 hours and his oxygen levels are normal, but they declined to discuss any toll the disease could have on Trump’s lungs or disclose when he last tested negative for the coronavirus.
Back home, Japanese technology and semiconductor shares gained as they benefited from more than a 2% rise in the Nasdaq overnight.
· European markets open slightly higher after Trump returns to the White House
European stocks opened slightly higher Tuesday, with global markets reacting to President Donald Trump’s return to the White House on Monday to continue his coronavirus treatment.
The pan-European Stoxx 600 crept 0.1% higher at the start of trading, with utilities adding 0.7% to lead gains while healthcare stocks slipped 0.3%.
Reference: Reuters, CNBC
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