Asian markets were trading mostly higher on Wednesday’s session with the Kospi rose 1.48%.
Mainland Chinese stocks were also up, with the Shanghai Composite rose 0.37%, Hong Kong’s Hang Seng index advanced 0.46%, in Japan, the Nikkei 225 rose 0.27% while the Topix index shed 0.22% and Australia’s S&P/ASX 200 added 0.18%.
As per media reports, White House health advisor Dr. Anthony Fauci warned on Tuesday that parts of the US are beginning to see a “disturbing surge” of Covid-19 cases. Dr. Fauci did also say, however, that states with growing coronavirus outbreaks may not need to do an “absolute shutdown.”
According to data compiled by Johns Hopkins University, more than 2 million people in the US have been infected with the coronavirus so far.
Overnight stateside, the Nasdaq Composite rose to a fresh record on Tuesday and closed 0.7% higher at 10,131.37. The Dow Jones Industrial Average added 131.14 points, or 0.5%, to finish its trading day at 26,156.10 and the S&P 500 closed 0.4% higher at 3,131.29.