In Japan, the Nikkei 225 gained 1.7%, the Topix index added 2.17%, the Shanghai Composite up 0.69%, while Hong Kong’s Hang Seng index dipped 0.45%. South Korea’s Kospi slipped 0.5%.
On the economy front, Japan’s exports declined 1% in February, according to provisional data released by the country’s Ministry of Finance on Wednesday
As per media statement, the White House is weighing a fiscal stimulus package worth anywhere from $850 billion to more than $1 trillion, part of which could include direct payments to Americans.
Globally, more than 190,000 have been infected by the coronavirus while at least 7,894 lives have been taken, the media news added.
Overnight, the Dow Jones Industrial Average rose 1,049 points, or 5.2%, to 21,237, the S&P 500 gained 143.06 points, or 6%, to 2,529 and the Nasdaq Composite added 430 points, or 6.23%, to 7,335.