The Dow Jones advanced sharply by 6.38% to 22,552 as the US Senate passed USD2 trillion worth of COVID-19 rescue bills. The economic incentives supporting large and small businesses, students with loans, laid-off workers, individuals and families, gig workers drove the Dow up. In the domestic realm, President Joko Widodo on Thursday of March 26, 2020, attended the special G20 summit to discuss measurement to fight against COVID-19. It came up with USD5 trillion of G20 funds injection to temper potential risks of a recession.
Download full report HERE.