Investing.com-- Most Asian stocks surged on Friday, tracking an overnight rally on Wall Street as strong U.S. economic data helped quell fears of a recession, while bets on interest rate cuts still remained in play.
Both indexes were set to add between 7% and 8.5% this week, as they rebounded from four straight weeks of steep losses, which also saw them enter a bear market.But Japanese stocks still remained within a bear market entered last week, with analysts at JPMorgan warning that recent gains were driven chiefly by domestic buying, and that foreign investors remained cautious over buying back into Japan.) rose 3.6% even as its June quarter earnings missed estimates.
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