Global Stocks Rise After U.S. Rally

Stock markets in the Asia-Pacific region mostly traded higher Friday, following a rally in U.S. markets as the government moved closer to approving the largest economic-relief package in history.

Hong Kong’s Hang Seng and the Shanghai Composite Index rose about 1%, as did Japan’s Nikkei 225 and South Korea’s Kospi, paring some earlier gains. Australia’s ASX 200 fell 2.7%.

Singapore’s…