Chinanews Client Beijing, March 24th (Xie Yiguan) On the 23rd, the Federal Reserve turned into a "sea king" guard, opened the door to unlimited quantitative easing (QE), and launched a series of market rescue measures. The "flooding flood" failed to boost the US stock market, but let the Asia-Pacific market enjoy a carnival, and the European stock market opened up.

The performance of some stock indexes in the Asia-Pacific stock market closed.

Most Asia Pacific stocks closed higher

On Tuesday (24th), the Asia Pacific market swept yesterday's downturn and opened broadly. Affected by the good news, the Nikkei 225 rose more than 6% in early trading, once setting the largest intraday gain since November 2016. The Nikkei 225 index futures rose sharply, triggering the fuse mechanism twice, and the Japanese TSE REIT index futures also triggered the fuse mechanism. The South Korean Composite Index rose more than 6% in early trading, and the South Korean Composite Index futures triggered a meltdown. Australian and New Zealand stock markets also opened higher and higher.

As of the close, most of the major Asia Pacific stock indexes rose. The three major A-share indexes rose more than 2%; Japan's Nikkei 225 index closed up 7.13% to 18092.35 points, the largest single-day increase in four years; South Korea's composite index rose 8.6% to 1609.97 points, the largest since November 2008 Hong Kong stocks Hang Seng index closed up 4.46% to 22663.49 points; Australia's ASX200 index rose 4.17% to 4735.7 points; New Zealand's NZX50 index rose 7.18% to 9109.15 points.

On the 24th, the Bank of Japan and the Federal Reserve reached a $ 88.3 billion currency swap facility agreement. The Bank of Japan Governor Tokuhiko Kuroda said that the Bank of Japan will take measures to ensure the smooth operation of corporate financing and the market; it will ensure sufficient US dollar liquidity through the swap mechanism of the six major central banks. Earlier, the Bank of Japan has stepped up efforts to hold the market through the purchase of ETFs.

According to another report, SoftBank plans to raise 4.5 trillion yen ($ 41 billion) in funds to boost its business, while also planning to repurchase up to 2 trillion yen in stock.

Faced with many positives, the Japanese stock market rose for two days. South Korea's economic aid program has also prompted South Korea's stock market to skyrocket.

According to South Korea's Chosun Ilbo, the second emergency economic conference in South Korea on the 24th announced plans to introduce a 100 trillion won business assistance plan; a 20 trillion won bond market stabilization fund will be established, and a 10.7 trillion won Won's stock backing fund.

According to the Yonhap News Agency, South Korea plans to implement an expansionary fiscal policy next year to inject vitality into the South Korean economy. It is expected that the budget size of next year will reach 550 trillion won.

European stocks generally opened higher, US stock futures are now rising

On March 24, the major European stock indexes rose sharply across the board. The European Stoxx 50 index rose 4.7%, the German DAX index rose 5.3%, the British FTSE 100 index rose 3.6%, and the Italian FTSE MIB index rose 4.9%. At press time, the UK's FTSE 100 index rose nearly 4%, France's CAC40 index rose more than 4%, and Germany's DAX index rose more than 5%.

As of press time, major European stock indexes performed on the 24th.

French central bank governor Francois Villeroy de Galhau said the European Central Bank will start buying commercial paper this week as part of a package to deal with the new crown pneumonia crisis.

The German Federal Ministry of Finance said on the 23rd that in order to alleviate the negative impact of the new crown pneumonia epidemic, the German government will launch an unprecedented package of economic relief in the country's history. The German government will add a supplementary budget of 156 billion euros (1 euro is about 1.07 US dollars). The specific measures include the launch of a special loan project without a cap for the German State-owned Bank for Reconstruction and Credit, and the provision of up to 50 billion euros for SMEs .

On the 24th, Beijing time, under the aftershocks of the Fed's "Wang Bang" rescue, the three major stock index futures of the US stock market expanded. At press time, Dow futures, Nasdaq futures, and S & P 500 futures rose more than 4%.

US stocks and technology stocks rose sharply before the market. Apple, Microsoft, and Netflix all rose more than 4%, and Amazon rose more than 3%. Auto stocks also rose in general. Tesla and General Motors rose more than 6%. Ford and Fiat Chrysler both rose more than 3%.

Stock index futures and individual stocks rose sharply before the market opened a good start for US stocks tonight. It remains to be seen how US stocks will perform on Tuesday! (Finish)