Asian stocks set to follow Wall St rally but China worries grow

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian stocks were set to track U.S. gains on Wednesday, as falling bond yields eased concerns about surging inflation, although focus will shift ...

Asian stocks were set to track U.S. gains on Wednesday, as falling bond yields eased concerns about surging inflation, although focus will shift to Chinese markets amid worries about policy tightening in the world's second-largest economy.

On Tuesday, China's benchmark Shanghai Composite index stood on the precipice of a correction as investors wrestled with the prospect of tighter policy and a slowing economic recovery. On Wall Street, each of the major averages closed higher, led by a gain of nearly 4per cent in the Nasdaq, giving the tech-heavy index its best day since Nov. 4.

In Europe, stocks closed higher after extending gains from their best session in four months a day earlier as a rise in shares of oil and utility companies helped counter losses in miners.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let's hope Chinese Market could rebound today.

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:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks follow Wall Street higher ahead of Fed meetingAsian stocks were set to open higher on Tuesday after Wall Street's main indexes closed at record highs and investors awaited comments from the U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »