Asian stocks set to rise on optimism of post-lockdown recovery, stimulus

NEW YORK: Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly more stimulus that could fuel a recovery.

The Dow Jones Industrial Average rose 1.62per cent, the S&P 500 gained 1.15per cent, and the Nasdaq Composite rose 0.91per cent. Investors on Friday are awaiting monthly data from China that tracks industrial production, fixed asset investment and retail sales. The retail data will be an especially insightful indicator of China's recovery as its economy reopens, Felsman said.

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