Asian Markets Rally as Shanghai Reclaims 4,000 Mark on Easing Deflation
Sourced from 3 publications
- •China's Shanghai Composite Index surpassed the 4,000 mark while Hong Kong's Hang Seng climbed above 26,000, driven by easing deflation and policy optimism, per SCMP.
- •Taiwan's main stock index rose 89.71 points to open at 34,950.87 on Friday with turnover of NT$10.04 billion.
- •The New Taiwan dollar appreciated to 31.72 against the US dollar at Friday's open, a gain of 0.28 cents.
- •Receding deflationary pressures in China are boosting investor confidence that Beijing's stimulus measures are producing measurable economic effects.
- •Regional Asian markets broadly tracked the positive sentiment emanating from Chinese benchmarks breaking key psychological levels.
Sources
Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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