Global markets largely extended gains, after major indexes in the U.S. jumped more than 7% amid early signs that lockdowns could be helping stem the coronavirus pandemic internationally.

By midmorning Tuesday in Hong Kong, Japan’s Nikkei 225 rose 1.3% and South Korea’s Kospi Composite gained 1%.

China’s benchmark Shanghai Composite rose 1.6%. Hong Kong’s Hang Seng Index added 0.6%. However, Australia’s benchmark S&P/ASX 200 gave up early gains to trade flat.

E-mini S&P 500 futures eased 0.2%. The yield on the 10-year U.S. Treasury note rose to 0.682%, up from 0.675% on Monday.

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