Asian Stock Market: Eyes biggest weekly gains in eight months despite tepid S&P500 Futures, yields

es of getting more stimulus from the bloc leader China. Adding strength to the optimism were downbeat US data and a lightat home. However, the cautious mood ahead of the US consumer-centric data prods the optimists.

It’s worth noting that People’s Bank of China Deputy Governor Guoqiang Liu, China’s top diplomat Wang Yi and statements from Beijing’s think tank Chinese Academy of Social Sciences flagged concerns about more stimulus from the dragon nation and favored shares in China and surrounding nations. In doing so, the optimists ignore S&P500 Futures’ retreat from the yearly top, as well as a pause in the US Treasury bond yields. That said, the US 10-year and two-year Treasury bond yields print mild gains around 3.78% and 4.65% by the press time, after refreshing a two-week low the previous day.

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