Asian markets looked poised on Tuesday to attempt another day of gains after stocks rallied on signs of a slowdown in coronavirus-related deaths, as oil prices resumed their decline on doubts about a
potential Saudi-Russian pact to cut output.Nikkei futures opened lower but were 2.3 percent above the cash close. The yen eased 0.01 percent as traders awaited more details on the government's stimulus package.
Equity investors kicked off the week encouraged by the slowing death toll from the virus across major European nations, including France and Italy. US stocks rallied on Monday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gaining more than 7 percent. Emerging market stocks rose 2.66 percent at the start of the week. MSCI's broadest index of Asia-Pacific shares outside Japan closed 2.77 percent higher.
Reported cases of coronavirus, have exceeded more than 1.27 million globally and 70,395 have died, according to a Reuters tally.
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