Positive news around potential treatments for the infection as well as progress in developing a vaccine have also boosted sentiment recently. These factors helped lift MSCI's broadest index of Asia-Pacific shares outside Japan by 0.9% on Wednesday, having rallied 3.3% already this week. Australian shares rose 1.2% led by energy and resources firms while South Korea added 1.2%. Analysts said it was unlikely the Fed would make further major policy moves, given the scope and depth of its efforts to counter the economic damage caused by the coronavirus. Investors are now watching out for the other major tech firms - Facebook, Amazon and Apple.

Source: bd News24 April 29, 2020 03:11 UTC