Asian Stock Market: Shanghai soars as PBoC promises prudent policy, oil remains under pressure

Chinese stocks are skyrocketing as the PBoC has promised a prudent monetary policy to trigger domestic demand.Markets in the Asian domain are showing country-specific action. Volatility in Asianseems higher despite S&P500 remaining less volatile on Friday. US equities remained choppy but settled Friday’s session with some losses.

At the press time, Japan’s Nikkei225 remains flat, ChinaA50 soars 1.10%, Hang Seng gained 0.62%, and Nifty50 tumbled 1.10%.

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