Shares in Asia rose Thursday, after U.S. stocks surged on growing signs of a coordinated response to the coronavirus and a strong Super Tuesday performance by former Vice President Joe Biden.
In early trading, Japans Nikkei 225 rose 1.3%, Australias S&P/ASX 200 gained 1.6%, and Koreas Kospi added 0.9%. Benchmark indexes in Hong Kong and Shanghai opened 0.5% and 0.8% higher, respectively.
S&P 500 futures were down slightly, suggesting U.S. stocks could be more subdued when trading starts in New York later.
U.S. markets jumped Wednesday, with the Dow Jones Industrial Average rising 4.5% to claw back its losses from the previous session.
On Wednesday, the House passed an $8 billion emergency spending package, likely also to be passed in the Senate this week, to combat the coronavirus, which causes a disease that has killed more than 3,200 people globally.
Meanwhile, the International Monetary Fund detailed the $50 billion in lending programs it could offer to countries needing assistance in grappling with the coronavirus and its potential economic fallout.
The yield on the benchmark 10-year U.S. Treasury rose slightly to 1.025% after dropping below 1% earlier this week. Bond yields rise as prices fall.
Write to Chong Koh Ping at chong.kohping@wsj.com
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