Coronavirus: Asia markets rise after US stimulus package agreed

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NikkeiImage copyrightEPA

President Donald Trump and the US Senate have agreed an economic relief package worth more than $1.8 trillion (£1.5tn), sending Asian shares higher.

Markets had rocketed on Wall Street and in London on Tuesday in anticipation of a deal being struck.

On Wednesday, Japan’s benchmark Nikkei 225 index was up 7.9% following news of the relief deal.

The stimulus package includes money to bail out industries that have been affected by the crisis.

In the US, the Dow Jones Industrial Average saw its biggest one-day gain since 1933 on Tuesday, surging 11.4% although the deal had not yet been signed.