Asia stocks rally as China data buoys mood; dollar stays strong

By Kevin Buckland TOKYO - Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the good vibes from expectationsBy Kevin Buckland

Hong Kong's Hang Seng added 1.2%, and mainland Chinese blue chips rose 0.2%, flipping from early small losses.U.S. S&P 500 futures pointed to a 0.17% rise, after the cash index rallied 0.84% on Thursday. "It's certainly not a definitive turning point, but perhaps we're seeing green shoots in China's economy," said Kyle Rodda, senior market analyst at brokerage firm Capital.com, calling the retail sales figures"particularly heartening."

Australia's dollar, which often trades as a proxy for the country's top trading partner, rose 0.3% to $0.6460. The euro was flat at $1.0643, languishing near the overnight low of $1.0632, the lowest level since March 20.

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.

Asia Stocks Rally as Markets Ready for China Data: Markets Wrap(Bloomberg) -- Stocks in Asia followed US benchmarks higher ahead of a slew of Chinese data, after strong US economic reports revived speculation the Federal Reserve will be able to engineer a soft landing. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeRay Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’Russian Elite Bring Back $50 Billion of
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Singapore reaping rising investment from India, China, Southeast AsiaBy Fanny Potkin SINGAPORE (Reuters) - Singapore has seen increasing investments from India, China, and Southeast Asia in recent years even as the U.S.
Source: SaltWire Network - 🏆 45. / 63 Read more »