Stocks: Japan’s Nikkei 225 Jumped 8.04%

On Wednesday, the Nikkei 225 led gains among markets across the region. Its index soared 8.04% to close its trading day at 19,546.63 as shares of index heavyweight Fast Retailing added 8.78%. Stocks benefited from a historic stimulus deal.

Another Japanese stock index, Topix rose 6.87% to close its trading day at 1,424.62.

South Korea’s Kospi index also saw gains on the day. Its index rose 5.89 to close at 1,704.76.

Mainland Chinese stocks reinforced their positions on March 25. The Shanghai Composite index gained 2.17% to about 2,781.59. In the meantime, the Shenzhen composite added 2.919% to approximately 1,714.86.

Australia’s S&P/ASX 200 jumped 5.54% to close at 4,998.10.

It is worth mentioning that two days ago, the Dow Jones Industrial Average reached, best one-day percentage gain in 87 years. The Dow Jones added 2,447.33 to 20,704.91.

Meanwhile, the S&P 500 soared 9.4% to close at 2,447.3. It was the best day since October 2008.

The Nasdaq Composite gained 8.1% to close at 7,417.86, its best day since March 13.

Stimulus deal, politicians and stocks

On early Wednesday morning, White House and Senate leaders reached a historic $2 trillion stimulus deal. This agreement had a dramatic impact on the stocks across the Asia Pacific.

Coronavirus pandemic created a lot of problems for global stocks. Investors, as well as analysts, are closely monitoring the situation in the countries affected by the coronavirus.

Markets are struggling as authorities across the globe introduced numerous measures to contain the virus. It will take time to assess the damage caused by this virus.

Nevertheless, stimulus packages such as the one stated-above have the ability to soften the economic impact. Governments of several countries also plan to spend billions of dollars to support their economies.

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It won’t be easy to overcome all the problems associated with the ongoing situation. However, companies, as well as authorities, should work together to boost the global economy.