Coronavirus: Asia shares up on multi-trillion dollar stimulus hopes

Pedestrians reflected in a window stand in front of a quotation board displaying the numbers on the Tokyo Stock Exchange in Tokyo.Image copyrightGetty Images

Shares in Asia have continued a global stock market rally on hopes global authorities will do more to combat the impact of the coronavirus.

On Thursday top US share indexes capped their best three-day gains since the Great Depression.

It comes as investors expect the US Congress to pass a massive stimulus package by the end of Saturday.

The Group of 20 (G20) major economies has also pledged to inject over $5 trillion into the global economy.

Japan’s benchmark Nikkei 225 gained 1.6%, the Hang Seng in Hong Kong was up by 1.6% and China’s Shanghai Composite rose 1%.