Asian markets rally on Trump health, stimulus hope

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Hong Kong

Asian markets rallied Monday following reports suggesting Donald Trump’s health is improving after he tested positive for the coronavirus, with traders also cheered by signs that US lawmakers were edging towards agreement on a new stimulus package. World equities went into reverse Friday after the White House announced the president’s diagnosis, which fanned fresh uncertainty just a month before the November 3 election, with some commentators questioning whether the vote would actually take place. But after spending the weekend in hospital with conflicting reports about the severity of his condition Trump’s medical team said he had “continued to improve” and could return home as early as Monday.—AFP