Asian Stocks Higher After Wall Street Gains on Recovery Hopes

Asian stock markets gained Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. Shanghai, Hong Kong and Southeast Asian markets followed Wall Street higher while Sydney declined. Japanese markets were closed for a holiday. Investors are increasingly optimistic as European countries and some U.S. states allow businesses to reopen despite warnings coronavirus infections are still rising in areas such as Brazil and economic recovery could be some way off. President Donald Trump, running for re-election in the midst of...