Asia stocks hit 4-month high on reopening of Chinese economy

ultra-strict curbs on travel and activity, unleashing the virus on the nation's 1.4 billion people. Many funeral homes and hospitals say they are overwhelmed, but investors hope that once the infection waves pass, life and spending can return to normal and are looking beyond the most immediate difficulties.

China's central bank also said overnight it will step up financing support to spur domestic consumption and key investment projects and support a stable real estate market., lifting the Hang Seng 2% to a six-month high while reopening hopes have driven China's yuan to four-month highs and supported regional stocks and currencies.an unofficial ban on Australian coal imports and the Australian dollar made a three-week high overnight just below $0.69. It last bought $0.6833.

"That is, insofar that premature rate cut bets drive looser financial conditions, the Fed may have to tighten even more to compensate."

United States United States Latest News, United States United States Headlines

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

Asian Stock Market: Traces recovery in S&P500 futures, oil struggles around $80.00Markets in the Asian domain have followed the footprints of S&P500 futures as the latter recovered sharply in early trade. United States equities futu
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Sentiment turns cautious ahead of FOMC minutes, oil drops below $77.00Markets in the Asian domain are following the cautious mood adopted by the S&P500 on Tuesday as investors seek the release of the Federal Open Market
Source: FXStreetNews - 🏆 14. / 72 Read more »