Asia Stocks Trade Higher as the Coronavirus Pandemic Shows Signs of Easing!

Asia stocks advanced in early session as coronavirus cases and deaths showed signs of slowing down across the globe.

 

As of 10:10 local time in Thailand (GMT +7) Nikkei rose 2.36%, SSEC hiked 1.38%, HSI gained 0.96%, ASX 200 edged 0.54% higher and Kospi advanced 1.22%.

 

America, the most contagious place in the world right now, started to show signs of showing down as the U.S. reported its first daily decline in coronavirus-related death at 594 on Sunday, decreased from Saturday which reported at 630. Moreover, death tolls in some of the world’s hot spots, including Spain and Italy, also showed signs of easing.

The White House expected that this week would be the peak of this pandemic in the U.S., telling its citizen to brace for the toughest week while citing a statistic on easing cases after hitting the peak.