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%.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Retail sales weigh on solid bank earningsUS stocks fall as investors weigh strong bank earnings against weak retail sales data
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market Crash: Bank of America Warns 'Plenty' of Downside AheadBank of America's top global strategist warns there's 'plenty of room for more S&P 500 downside' as 80% of recessions since 1933 have torpedoed stocks by 20% after they started This will be the most predicted recession in the history of capitalism. So call me skeptical
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fed Pause Wouldn’t Necessarily Refresh Stock MarketFaltering earnings growth and high valuations are factors that could undercut stocks’ tendency to rise after rates peak. Bullshit! The stock market is not the economy
Source: WSJ - 🏆 98. / 63 Read more »

Why 5% interest rates might not derail the stock market or the U.S. economy'A 5% interest rate is not going to break the market,' says Ben Snider, managing director, U.S. portfolio strategy at Goldman Sachs Asset Management. 3-5% rates are the norm The rates at .125 to 1% were the abnomally Companies had business plans based on rates that were not normal long term and now they will suffer for it
Source: MarketWatch - 🏆 3. / 97 Read more »