25 March 2020 (8:21 am IST)
24 March 2020 (10:50 pm EDT)
US stock markets are leading global stocks into a day of big rally from bottom levels.
US stocks themselves had a handsome rally in their overnight session, where Dow Jones jumped more than 2,000 points.
Today, all major Asian stock markets are following that intraday uptrend and are showing big gains in their own trading. Nikkei (Japan) is up by more than 1,000 points at the time of writing. Other Asian markets are also showing big gains.
US stock futures are negative at this hour, but the margin is low compared to previous falls.
SGX Nifty is the only index trading down with almost 200 points, after India declared a 21 day lock down to avoid spread of coronavirus.
US stock markets are waiting for approval of a historic, big stimulus package from the US lawmakers. When that materializes, we can expect another long-term rally in US stock markets and global stocks will follow that.