Stocks lead rally as G7 pledges virus support

A pedestrian wearing a face mask walks past an electric quotation board displaying the Nikkei 225 Index on the Tokyo Stock Exchange in Tokyo. A sharp rebound in world stock markets lost only a little steam on Tuesday (March 3) despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the Covid-19 (coronavirus) outbreak. - AFP

BEIJING/TOKYO: A sharp rebound in world stock markets lost only a little steam on Tuesday (March 3) despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the Covid-19 (coronavirus) outbreak.

Europe's main bourses were still more than 2% higher but it was no longer the 3% that had them heading for their strongest day since 2016 and investors shuffling out of safer, lower-yielding assets.