Reuters

Stocks shrug off virus worries; ECB in focus

Asian stocks rallied on Thursday, bonds nursed losses and oil held onto sharp gains as investors seemed to set aside virus jitters for now and looked ahead to the European Central Bank for reassurance that policy support will continue for some time. MSCI’s broadest index of Asia-Pacific shares outside Japan followed Wall Street higher and rose 1% with broad gains from Sydney to Seoul and Hong Kong. “Every now and then investors look for reasons to take some profits off and that’s what we saw,” said Jun Bei Liu, portfolio manager at Tribeca Investment Partners in Sydney.

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