Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease outbreak, walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 18, 2020. REUTERS/Kim Kyung-Hoon
The big bout of optimism for equity markets came last week after U.S. jobs data showed a surprise fall in the unemployment rate, sending Wall Street indices surging with the NasdaqGlobal markets were mauled in March as investors fretted over the extent of both the short- and longer-term damage to the world economy from the coronavirus pandemic. But most indices are now back to pre-COVID-19 levels.
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