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Asian markets gain amid hopes for global recovery

Asian stock markets mostly rose Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls.

Hong Kong’s Hang Seng Index HK:HSI gained 0.7% while the Shanghai Composite CN:SHCOMP inched up 0.1% and the smaller-cap Shenzhen Composite CN:399106 advanced 0.7%. South Korea’s Kospi KR:180721 rose 1%, while benchmark indexes in Taiwan TW:Y9999 , Singapore SG:STI and Indonesia ID:JAKIDX were mixed. Markets in Japan 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 still are rising in areas such as Brazil and economic recovery could be some way off.