TOKYO — Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak.

SINGAPORE (Reuters) - The euro held steady just under its highest in two months against the dollar on Tuesday, on expectations that coronavirus-driven monetary easing in the United States can and will run deeper than any similar action in Europe.

TOKYO (Reuters) - Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus.

SEOUL (Reuters) - Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week.

Brent crude rose $1.48 per barrel, or 2.5%, to $53.18 per barrel at 0148 GMT. U.S. West Texas Intermediate (WTI) rose $1.33, or 2.8%, to $48.07 a barrel.

TOKYO (Reuters) - The yen and the euro were on the front foot against the dollar on Monday as traders raised their bets of an interest rate cut by the U.S. Federal Reserve this month to shield the economy from the rapid spread of the coronavirus.

TOKYO (Reuters) - Asia’s factories took a heavy hit in February from the coronavirus outbreak with activity in China shrinking at a record pace, business surveys showed on Monday, adding to fears the crisis risks triggering a global recession.