Asian stocks poised for gains after late Wall St dash

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Asian stocks were set to open higher on Friday as a late Wall Street rally supported global sentiment although weak U.S. data and uncertainty about a stimulus package in Washington have kept a lid on confidence.

FILE PHOTO" Passersby wearing protective masks walk past an electronic board showing Japan's Nikkei average in Tokyo, Japan September 14, 2020. REUTERS/Issei Kato

“What we’ve seen for equity markets is there is quite a good deal of resilience,” said Tom Piotrowski, a market analyst at Australian broker CommSec. “Commentators like to stack up all of the negatives markets face, the U.S. election being among them, but I think there is a sense that there is an underlying resilience in the market.”

Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on as soon as next week, with House Speaker Nancy Pelosi reiterating she is ready to negotiate on it with the White House.

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China is getting more and more stronger. As the East falls.

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