Asia shares follow Wall Street higher, but virus risk lurks

Asia shares follow Wall Street higher, but virus risk lurks

Wall Street seemed to find relief in the strong performance of former Vice President Biden in the Democratic nomination campaign.. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.2%, in its fourth day of gains.. The Federal Reserve and Bank of Canada had both responded by cutting interest rates by 50 basis points, and markets in the euro zone are pricing in a 90% chance that the ECB will cut its deposit rate, now minus 0.50%, by 10 basis points next week.. "As we test more folks for COVID-19 in the United States, the case loads will rise and perhaps exponentially.. The dollar also inched up to 107.57 yen JPY= , from a five-month trough of 106.84, while the dollar index firmed to 97.389 =USD..