Buoyant mood, upbeat data help Asia stocks to further gains

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HONG KONG (AFP): Asian equities mostly rose Friday as investors, still buoyed by the China-US trade deal, turned their focus on earnings season and the global outlook, while they were also cheered by data indicating China's economy appears to be stabilising.

Apart from last week's blip caused by the US assassination of Iran's top general, markets have enjoyed a strong start to the new decade, building on the rally of late 2019.

All three main indexes on Wall Street ended at record highs Thursday, boosted by the Senate's approval of a new North American free-trade deal, while Google parent Alphabet joined Apple and Microsoft to become a trillion-dollar firm for the first time. Beijing added to the mood, releasing data that said the world's number two economy expanded 6.1 per cent last year.

 

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