Asian stocks set to rise as focus swings to recovery prospects | Malay Mail

Australian S&P/ASX 200 futures were up 0.85 per cent, Japan's Nikkei 225 futures added 0.16 per cent, and Hong Kong's Hang Seng index futures rose 0.82 per cent. — Reuters pic

Australian S&P/ASX 200 futures were up 0.85 per cent, Japan's Nikkei 225 futures added 0.16 per cent, and Hong Kong's Hang Seng index futures rose 0.82 per cent.“Risk sentiment remains resilient ahead of next week's key earnings reports,” said NAB economist Tapas Strickland. Demand for technology stocks lifted US shares and helped the Nasdaq add 1.44 per cent to 10,492.50, its fourth record closing high in five days.MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.29 per cent higher, helped by Chinese stocks, which have rallied for seven-straight days. Emerging market stocks rose 1.67 per cent.

The passing of the key technical threshold for gold came as the US coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases, and as seven states reported record numbers of new infections.

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Asian shares mixed as corporate earnings loom | Malay MailNEW YORK, July 8 ― Asian stocks were set for a mixed open today, as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery, leading some investors to cash in on recent gains ahead of earnings season. Australian S&P/ASX 200 futures lost 0.50 per...
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