TOKYO – Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week.
Japan's benchmark Nikkei 225 jumped 2.6% to 20,179.09 in afternoon trading, helped partly by local media reports about fresh government aid to ride out the pandemic.
South Korea's Kospi added 1.1% to 1,948.95. Australia's S&P/ASX 200 rose 0.7% to 5,403.00. Hong Kong's Hang Seng gained 1% to 24,220.65, while the Shanghai Composite picked up 0.7% to 2,892.80.
India's Sensex gained 1.4% to 31,893.36. Shares were mixed in Southeast Asia. Japanese media reported that the ruling Liberal Democratic Party plans to offer subsidies to help small and medium-size businesses cover their