Asia stimulus rallies global markets

U.S. markets yielded triple digit gains yesterday that have carried into trading this morning. The Japanese Nikkei Stock Average rose 7.7 percent, the largest gain since 2008, coming off of news that the government plans to reduce its corporate tax rates by more than 10%.

The Shanghai Composite jumped 2.3 percent Wednesday driven by increased infrastructure spending and tax reform changes. This is a broad based rally as European and U.S. markets join in the Asia stimulus celebration, says Voya Global.