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Asia stock markets jump on back of record Wall Street rally

Optimism returns as investor hopes for US stimulus run high

The postponement of the 2020 Tokyo Olympics and high hopes for a trillion-dollar-plus stimulus in the U.S. propelled Tokyo stocks to a big opening on March 25. (Photo by Rie Ishii)

TOKYO/HONG KONG -- Asian stock markets rallied sharply on Wednesday in the wake of a surge in U.S. stocks on hopes of a big stimulus package to help the economy withstand the coronavirus crisis.

Japan's benchmark stock index climbed 8% on Wednesday as investors rushed to buy back company stocks like SoftBank Group, Sony and Toyota Motor. The index closed 1,454 points higher, recording the largest point gain in over 26 years. It followed the lead of Wall Street, where the Dow Jones Industrial Average also experienced its largest point gain in history. 

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