Asian markets rally on recovery hopes, despite virus surge

Author: Agencies

Asian markets rallied out of the blocks Monday, with further signs of economic recovery continuing to resonate with investors more than a surge in coronavirus infections across the planet.

The easing of lockdowns is providing hope the global economy will bounce back from an expected recession this year, with Britain’s pubs reopening at the weekend and tourist attractions around Europe either now open or planning to.

Better-than-forecast data on US jobs creation and factory activity have also provided a boost to confidence, as are hopes for a vaccine, which observers say is key to kickstarting any major recovery.

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