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Stocks in Asia Pacific were higher in Tuesday morning trade as investors continued to monitor developments on the coronavirus front. Nikkei rose 0.39 per cent while the Topix index advanced 0.27 per cent.
Wall Street’s main indexes had closed higher on Monday as investors bet on some of the market’s most high-profile stocks ahead of earnings reports while they weighed progress in US government stimulus efforts against rising US COVID-19 cases.
The Dow Jones rose 0.43 per cent, the S&P 500 gained 0.74 per cent and Nasdaq Composite added 1.67 per cent.
Meanwhile, oil prices rose for a third straight day on Tuesday, buoyed by support for demand coming from efforts to stimulate the U.S. economy’s recovery from the coronavirus crisis and a weakening of the dollar that makes crude cheaper for global buyers.