Asian stocks rise on new virus measures

Most Asian stock markets were higher on Friday on expectations that China could be set to unleash hundreds of billions of dollars of spending to help ease the impact of the coronavirus outbreak.

Earlier the People’s Bank of China unexpectedly kept its main lending rate on hold.

Japan‘s benchmark Nikkei 225 was 1% lower, the Hang Seng in Hong Kong was up by 3.8% and China‘s Shanghai Composite was 1% higher.