Japanese stocks jump on signs of coronavirus slowdown [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: Reuters
Japanese stocks jump on signs of coronavirus slowdown SYDNEY, April 6 (Reuters) - Japanese shares rose on Monday, boosted by a slowdown in COVID-19 deaths and new cases in global hotspots including New York and Italy, as uncertainty over a potential lockdown in Tokyo kept some investors on the sidelines. The benchmark Nikkei average gained 4.2% to 18,576.30, its highest close in nearly a week, tracking sharp gains in U.S. stock futures. E-mini futures for the S&P 500 index climbed as much as 4.2% in Asian trade after U.S. President Donald Trump expressed hope the United States was seeing a “levelling off” of the epidemic in hotspots. Also helping was the fact that Italy reported its lowest daily COVID-19 death toll for more than two weeks on Sunday as authorities began to look ahead to a second phase of the battle against the virus once a lockdown imposed a month ago is eased. The Tokyo bourse appeared to have shrugged off Friday’s shocking U.S. jobs data, which showed nonfarm payroll
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