Risk sentiment has fully reversed as market concerns over the Wuhan virus contagion fade and global stock markets return to rally mode. Wall Street saw both the S&P 500 and Nasdaq indices hit fresh record highs Wednesday, and the Nikkei 225 is bouncing with a vengeance today. Gapping up for two straight days, the Nikkei 225 is breaking above its ascending Ichimoku cloud and looks set to move towards the high of the year at 24,130. Just this Monday, it had plunged to as low as 22,630 on virus contagion fears.
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