Asian equities bounce as Fed turns on taps, lockdowns eased further


A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Tuesday (June 16). Asian shares have tracked a rally on Wall Street spurred by the US Federal Reserve's latest promise to support markets battered by the coronavirus pandemic. - AP

HONG KONG (AFP): Asian and European equities shot higher Tuesday (June 16) as growing fears about a possible second wave of infections was overshadowed by the US Federal Reserve's launch of a massive programme to support Main Street businesses hit by the virus lockdown.

The rally across the region helped wipe out most of the losses suffered Monday following news of a spike in new cases in Beijing, Florida, Texas, and Tokyo, among other places.

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