Investors, as well as analysts and government officials, are closely monitoring the situation. The coronavirus and how to deal with the problems created by this virus are some of the main questions. People from all over the world are working are round the clock to find the best solution. However, it is too early to say that everything is under control. Hopefully, stocks in Asia rose on April 7.
Let’s have a look at the stocks across the Asia Pacific. China has the second-largest in the world after the U.S. So, let’s start with Chinese stocks. On Tuesday, mainland Chinese stocks returned to trade following a holiday.
Interestingly, Chinese stocks reached one of the best results among the region’s main markets. The Shenzhen composite jumped 3.184% to about 1,743.37. Meanwhile, the Shenzhen component added 3.15% to 10.428.91.
At the same time, the Shanghai composite gained 2.05% to around 2,820.76.
Moreover, Hong Kong’s Hang Seng index gained 1.88% as of its final hour of trading.
On April 7, Japan’s Nikkei 225 added 2.01% to close at 18,950.18. In the meantime, the Topix index rose 1.96% to end its trading day at 1,403.21. The country’s Prime Minister Shinzo Abe stated that as part of the stimulus package, the country will spend $357 billion. His speech had a positive impact on stocks.
Stocks and risk factors
In South Korea, the Kospi index gained 1.77% to close at 1,823.60 as the shares of index heavyweight Samsung Electronics surged 1.85%. The tech giant announced that its first-quarter profit was likely $5.2 billion. This news helped to boost the Kospi index.
Australia’s S&P/ASX 200 ended its trading day 0.65% lower at 5,252.30.
Hopefully, the number of new cases in South Korea fell below 50 for the second day in a row. Also, on April 6, China reported no new deaths for the first time since January. Positive news connected with coronavirus helped to boost the stocks across the region.