Japan’s Nikkei 225 surged 8 per cent and other world markets also jumped Wednesday after U.S. Congress and the White House reached a deal to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
The advances followed the best day since 1933 for the Dow Jones Industrial Average, which rocketed 11.4 per cent higher on Tuesday.
Tokyo logged its biggest daily gain since 2008. Share prices there were lifted also by the decision to postpone the 2020 Olympics to July 2021 in view of the coronavirus pandemic, which has brought travel almost to a standstill and is leaving many millions of people ordered to stay home to help contain the outbreaks.