Asia shares bounce after rout, rush for dollars causing stress

As the spread of the coronavirus brought much of the world to a halt, nations have poured ever-more-massive amounts of stimulus into their economies while central banks have flooded markets with cheap dollars to ease funding strains.

SYDNEY: Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into U.S. dollars suggested the crisis was far from done.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 3.2%, after seven sessions of losses.