Asian stocks enter bull market as investors bet on China | CNN Business

. Investors have been cheered by China’s pivot away from its zero-Covid policy, the ending of its crackdown on tech companies and Beijing’s renewed commitment to growing the world’s second biggest economy. The MSCI Asia Pacific index, which excludes Japanese companies, jumped 2.5% during Tuesday trading to close the day at 535.69 points. That’s up 24.6% since its most recent low on October 24. A bull market is typically defined as a rise of 20% above recent lows.

Analysts at Morgan Stanley said in a Tuesday note that the bank had raised its share price targets for Chinese companies and “expect[s] China to top global equity market performance in 2023.” China is now focused firmly on growing its economy, following a year of Covid lockdowns that depressed demand and a debt crisis in its mammoth real estate sector. Most economists expect the country’s GDP to rebound in the second quarter of 2023 after a sluggish start.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

33 best stocks to buy to start off 2023 as prices fall'Stocks look downright cheap': These are the top 33 bargain stocks to buy heading into 2023, according to Morningstar
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

KeyBanc upgrades Visa and Mastercard, says credit card stocks will continue outperformance in 2023Visa and Mastercard will do well once again in 2023 after outperforming last year, according to KeyBanc. The Islamic Republic of Iran is about to execute these 2 brave young men for protesting: MohammadGhobadlou MohammadBroghani These men showed the courage to oppose a child-murdering regime. Help us save their lives. Spread the word. IranRevolution Yup, debt limit will be raised. Just borrow more and more because default is avoided so cnbc is just leading retail to the slaughter every one knows credit cards are going to go bust.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

To help survive a rocky 2023, these three value investors are favoring these six stocksOPINION: The Fed will overdo it in its inflation fight, creating a recession that will lead to a 20% decline in the S&P 500 from this already low level, sending the benchmark index down to 3,000 to 3,200 points. You should stop with these wild predictions. You sound like Chicken Little, “The sky is falling! The sky is falling!” Per the original definition of a recession we are already in one. What you are saying is they will put us into a depression! I think they already did.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »