US stock markets are surging higher on Monday following news that the death rate from Covid-19 in New York State and the worst-hit European countries is declining.
The Dow Jones Industrial Average has gained over five percent after the opening bell. The S&P 500 and the Nasdaq Composite are trading over four percent higher.
Australia's S&P/ASX 200 and Japan's Nikkei 225 gained more than four percent to start the week, while Hong Kong's Hang Seng Index grew 2.2 percent. Markets in mainland China were closed for a public holiday.
Stocks have also rallied in Europe, with Germany's DAX leading the region, rising more than four percent.
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