Australia shares set to open higher on China stimulus hopes

Australian shares are expected to open
higher on Thursday as hopes of a stimulus from China and reports
of scientists closing in on a vaccine for the coronavirus
boosted risk appetite.
With the death toll from the virus epidemic touching nearly
500 and risks to growth mounting, China’s central bank is likely
to lower its loan prime rate on Feb. 20, and cut banks’ reserve
requirement ratios in the coming weeks, Reuters reported on
Tuesday.
The local shar