Asia-Pacific stocks jump as Xi visits Wuhan
Asia-Pacific stocks have clawed back some of Monday’s huge losses, amid hopes that China’s coronavirus crisis may be easing
Australia’s S&P 500 has jumped by over 3% today, having slumped by 7% yesterday.
Japan’s Nikkei, which fell 5% yesterday, has gained 0.85%.
China’s Shanghai Composite index recovered more than half of Monday’s 3% slide, with a 1.8% bounce
Traders were cheered to see China’s president Xi Jinping visiting Wuhan today, meeting frontline medical workers, military, community staff, local party officials and residents. That could be a sign that Beijing thinks it’s winning the battle.
Xi Jinping visits Wuhan for first time since coronavirus outbreak began
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The end is nigh party, page-51
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