Asian stocks defy Wall St selloff, charged by dogged China optimism

SINGAPORE - Asian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over China's aggressive stimulus package, although there were signs some of that enthusiasm was starting to ebb.

Still, MSCI's broadest index of Asia-Pacific shares outside Japan rose more than 1% to an over two-year high on Thursday. Japan's Nikkei surged 2.4%. In the broader market, investors turned their attention to a raft of speeches from Federal Reserve policymakers later in the day, including remarks from Chair Jerome Powell, which could provide further clues on the U.S. rate outlook.

Shifting expectations of how aggressive the Fed would ease rates this year and next have in turn kept the dollar largely rangebound over the past month. The offshore yuan ticked up 0.06% to 7.0277 per dollar, having briefly strengthened past the key psychological level of 7 per dollar in the previous session.

In commodities, oil prices edged up with Brent crude futures last 0.27% higher at $73.66 a barrel. U.S. crude rose 0.2% to $69.82 per barrel. With the A’s leaving town, Oakland fans deserved better

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and ...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataTOKYO (AP) — Asian shares were trading mostly higher Tuesday after a rally on Wall Street that regained some of the losses from the market’s worst week in...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishTOKYO (AP) — Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideTOKYO (AP) — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »