Asian stocks benefit from risk reset. US Treasury yields, equity futures cheer US President Trump’s economic plan to counter COVID-19. Receding from South Korea, China and few more reactive measures by the global policymakers brighten trade sentiment. In addition to US President Donald Trump’s ‘major’ economic steps in response to coronavirus (COVID-19), China’s opening of the Wuhan travel border and receding cases in South Korea also help recover Monday’s stock rout in Asia. Furthermore, Japan’s no change in the Tokyo Olympic schedule and indications of further stimulus from Australia and New Zealand kept the risk-tone lighter while heading into the European open on Tuesday. That said, the MSCI index of Asia-Pacific shares outside Japan register 1.3% gains whereas Japan’s NIKKEI also followed the footsteps with near 1.4% profits to 19,900. It should also be noted that MSCI gauge slumped 5% on Monday. The US equity futures are also on the rise after US President signaled to offer a payroll tax cut to counter negative implications of the deadly virus that has called emergencies in 14 states so far. By the press time, the US 10-year treasury yields gain 20 basis points to 0.69% whereas S&P 500 and DJI30 Futures are each nearly 4.0% in the green. Equities in India are closed amid Holi celebrations whereas Chinese stocks mark close to 2.0% gains following downbeat inflation numbers. Further, Indonesia’s IDX cheer comments from the Finance Minister with nearly 2.0% rise but South Korea KOSPI registers 0.50% gains to 1,965 at the time of writing. Investors will now pay close attention to the global policymakers’ efforts to extend the latest recovery. However, bears can’t be blocked unless any strong news about the cure of the pandemic crosses wires. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index looks firmer, approaches 96.00 FX Street 3 years Asian stocks benefit from risk reset. US Treasury yields, equity futures cheer US President Trump’s economic plan to counter COVID-19. Receding from South Korea, China and few more reactive measures by the global policymakers brighten trade sentiment. In addition to US President Donald Trump’s ‘major’ economic steps in response to coronavirus (COVID-19), China’s opening of the Wuhan travel border and receding cases in South Korea also help recover Monday’s stock rout in Asia. Furthermore, Japan’s no change in the Tokyo Olympic schedule and indications of further stimulus from Australia and New Zealand kept the risk-tone lighter while heading into the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.