Asian stocks gain on hopes pandemic is approaching peak

spike

TOKYO/WASHINGTON (Reuters) – Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices.

FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease (COVID-19), at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly Song

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, following a strong Wall Street close.

Shares in China, where the novel coronavirus

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