Asian Shares Rise Following Surge In U.S.

TOKYO (AP) – Asian shares are rising, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its effects on the economy. Benchmarks in Japan, South Korea, China and Australia are all rising. Investors are anticipating that more central banks will follow the Federal Reserve’s lead in cutting rates. The gains on Wall Street more than recouped big losses from a day earlier as wild, virus-fueled swings around the world’s markets extend into a third week. The recovery came as China reported further progress in containing the outbreak.