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.Also aiding sentiment, Bloomberg News reported on Thursday that China is considering injecting up to 1 trillion yuan of capital into its biggest state banks to increase their capacity to support the struggling economy.
"I don't think the reaction will be excessive, but the direction will be there," said Jeff Ng, head of Asia macro strategy at SMBC, referring to Friday's data release."If let's say prices are sticky, then maybe that will slightly dampen expectations for a 50-basis-point ." It was back on the front foot on Thursday, having fallen earlier in the week as China's slew of support measures boosted risk appetite and sent traders scooping up China-linked assets such as the Australian and New Zealand dollars.
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Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024Asian stocks are mixed with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.
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Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024Asian stocks are mixed with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.
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स्रोत: AP - 🏆 728. / 51 और पढो »
Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
स्रोत: ksatnews - 🏆 442. / 53 और पढो »