Global stocks

Sharp sell-off in tech stocks also threaten to stall rally that jumped to near record highs

Benchmark KSE-100 index gains 272.75 points to settle at 42,295.75

Signs US economy’s rebound could be stalling in absence of fiscal stimulus also weigh

Japanese yen surges on safe-haven buying after Prime Minister Shinzo Abe resigns

Oil prices rise to 5-month high

Democrats, Republicans battle to finalise new package to help economy recover

Investors believe US lawmakers will agree on $1tr support package

US indices rebound as investors shrug off Covid-19 cases, US-China tensions

World stocks rose for a fourth straight day

Optimism over easing measures wins over fear of surging coronavirus infections

Investors hope Europe will continue to rebound from economic damage of coronavirus

Europe’s €750b recovery fund helps offset concerns about Hong Kong unrest

Bank of Japan expands stimulus to cushion impact of coronavirus

Readings on April manufacturing globally are expected to show recession-like data

MSCI All-Country World Index, which tracks shares across 47 countries, was down 0.72%

Hopes epidemic will be over in months shattered as international cases soar

Global equities have fallen for six straight days

Investors clutch at hopes China can contain coronavirus

Market watchers attribute moves to positioning after a bout of volatility last week

Asian markets recovered after Donald Trump said China-US trade talks would resume soon

Investors turn to traditional safe-havens like gold, Japanese yen, bonds