With the news of recovery and discharge of American president Donald Trump, the stock market surged on Monday. This news bought the sigh of relief and eased the political uncertainty which moved the global market in the last session.
Donald Trump was admitted to hospital on Friday for the treatment of the coronavirus. His doctors confirmed that he has responded well to the treatment and could return home (The White House) on Monday.
The news helped the United States S&P 500 futures to surge about 0.82% while Nasdaq futures to gain nearly 1.11% in Asian trading.
The Asian pacific share’s MSCI’s broadest index outside Japan surged 0.63%.
After almost two consecutive weeks, Australian shares hiked to 2.73% marking for the largest daily gain. Nikkei (Japan) surged 1.39% whereas the Chinese financial market remained closed on account of a public holiday.