Asian shares rise on hopes for drug to treat coronavirus

Asian shares rise on hopes for drug to treat coronavirus
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TOKYO (AP) — Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the U.S. economy had logged its worst quarterly performance since 2009.

Japan’s benchmark Nikkei 225 surged 2.1% to finish at 20,193.69, while Australia’s S&P/ASX 200 gained 2.4% to 5,522.40. The Shanghai Composite added 1.3% to 2,859.56. Markets in South Korea and Hong Kong were closed for holidays.

India’s Sensex gained 3% to 33,700.35. Markets in Taiwan and Southeast Asia also advanced.

On Wall Street, the upswell of hope…



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