Asia markets extend gains on glimmers of hope in virus fight


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HONG KONG: Equities rallied again on Tuesday (April 7) as investors seized on signs of a slowdown in the spread of the Covid-19 (coronavirus) outbreak in key hotspots and some governments began making plans to ease restrictions aimed at containing the disease.

Crude prices were also lifted by hopes major producers will agree to cut output this week, while the pound clawed back some of its losses that came in response to news Prime Minister Boris Johnson was in intensive care.

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