View the article online at http://citywire.co.uk/money/article/a882292
Asia stocks gain early in tentative recovery
Shanghai Composite Index fell 2.6% as Chinese markets reopen after the new year break.
Asian stocks gained on Monday in morning trade in a tentative recovery that was forming after US stocks staged a rally Friday, even as investors braced for a potentially volatile day in China.
Japan’s Nikkei Stock Average are up 4.1% at 15564 and the Japanese yen continues to ease off of its strongest level in more than one year against the US dollar.
Australia’s S&P ASX 200 gains 0.9% at 4807. Japan was rising from its lowest close since October 2014 while Australia was up from its lowest since July 2013. South Korea’s Kospi was up 1%.
In China, Shanghai Composite Index fell 2.59% as China reopens after the new year break. Hong Kong’s Hang Seng Index added 2.16%.
Better-than-expected US retail sales data from last week and relatively sound US corporate earnings were soothing some concerns about the global economy.
Investors await a batch of Chinese economic data, including export and import figures later this morning.
Earlier, data from Japan showed its economy contracted 1.4% in the fourth quarter. The fall was the second time in three quarters and larger than a 1.2% contraction forecast by economists.
News sponsored by:
Here at BlackRock, we help investors make more out of commodities with a range of innovative, flexible and resilient investment strategies.
From Brazil and Mexico, to Vietnam and Nigeria, the rapidly developing economies of Latin American and frontier markets, which are some of the smaller, less developed economies in the world, provides investors with a wealth of potential opportunities. Discover why BlackRock's investment trust range is well placed to help you make more of these exciting regions.
In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add firstname.lastname@example.org to your safe senders list so we don't get junked.
by Gavin Lumsden on Sep 30, 2016 at 17:23