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Asian stocks rise after Fed chief optimistic about recovery

China city Beijing Japan Usa Australia city Tokyo Brazil city Shanghai city Hong Kong economy Government Coronavirus
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BEIJING – Asian stock markets rose Monday after the chief U.S. central banker expressed optimism the the American economy might start to recover this year from the coronavirus pandemic.

Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. That came despite Japan’s announcement its economy contracted in the first quarter and the Trump administration’s decision to step up a technology conflict with Beijing by tightening restrictions on Chinese tech giant Huawei.

Investors appear to be looking past the outbreak to a recovery despite rising infection numbers in the United States, Brazil and some other countries.

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
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Deaths: 237 619
Recovered: 0
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