Asia stocks steady despite China data miss, helped by weaker dollar outlook

Malaysia News News

Asia stocks steady despite China data miss, helped by weaker dollar outlook
Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

HONG KONG : Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.Expectations that the dollar will soften also cushioned emerging markets, although investors were wary of crucial U.

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

HONG KONG : Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.

Japan's broad Topix gained 0.48 per cent to 2,124.92, its highest since August 1990, helped by the robust outlook of its megabanks. Retail sales also missed expectations, and, coming against a backdrop of China's weak industrial, credit growth and import indicators, highlighted a wobbly post-COVID recovery.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in MY
 

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines



Render Time: 2025-01-13 22:08:53