(Bloomberg) Asian stocks climbed on Thursday after the biggest rally in U.S. equities since 2009 offered relief from this month’s wrenching downturn, though gains were restrained outside of Japan. Tokyo’s Topix Index closed almost 5 percent higher, leading the region, while Australian shares rallied 1.9 percent. Korean and Hong Kong benchmarks declined and U.S. equity futures fluctuated, showing limited follow-through from the blow-out session on Wall Street. American benchmarks soared 5 percent or more Wednesday on signs of robust consumer spending, easing concern about the tenure of the Federal Reserve chief and progress on U.S.-China trade talks.
Historic U.S. Stock Surge Sees Limited Momentum
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