Global stock markets have surged despite rising clusters of coronavirus infections threatening to derail economic recovery.
Investors took the lead from China’s benchmark Shanghai Composite index, which jumped by 5.8% on Monday to record its biggest daily increase in five years.
Analysts said the share spending spree was fuelled by cheap funding to invest in an economy that analysts predict will recover faster and better than other major countries battling new waves of infections.
They include the US, the world’s largest economy, which is enduring rising numbers of COVID-19 cases in 41 states with Florida witnessing record daily growth in confirmed sufferers.
Edward Moya, senior market analyst at OANDA in New York, said only a big acceleration in fatalities would likely affect market sentiment as the S&P 500 on Wall St ground out a fifth day of consecutive gains on Monday.
Europe and US trading saw sectors with strong exposure