Global Stocks Mixed After Back-to-Back Gains in Dow

Benchmark in Japan falls 4% while Australian shares rise

Stock markets in the Asia-Pacific region diverged on Thursday as investors weighed new developments related to the coronavirus pandemic, including the progress of an estimated $2 trillion stimulus package in the U.S.

Japan’s Nikkei 225 lost 4% in morning trading, while Hong Kong’s Hang Seng retreated 1%. Stock benchmarks in South Korea and Shanghai were little changed. Australia’s ASX 200 rose 3.2%.

Singapore’s...