Asian stocks extend rally; oil steadies at pre-invasion levels - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Japan's Nikkei share average jumped 1.96% in early trading.

“Today for Asia it’s really a story of whether zero-COVID will continue to impact the Chinese economy, which will of course have a spillover effect in terms of imports,” said Gary Ng, senior economist at Natix is in Hong Kong.Markets are awaiting a speech by Federal Reserve Chairman Jerome Powell later today for signs of any let-up in the central bank’s hawkish approach to tackling inflation.

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Asian stocks fall on strong US economic data, struggling yuanMSCI’s broadest index of Asia-Pacific shares outside Japan dipped 1.6% and Japan’s benchmark Nikkei average was down 0.95%
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