Stock Markets in Asia Rise

 

Stock Markets in Asia Rise on Signs of Reopening

Asian stocks rose moderately Wednesday on signs that the global economy is slowly getting back to its feet after being idled by the coronavirus outbreak.

Japanese stocks inched lower, but the rest of the region was higher. Futures markets were predicting strong openings for Wall Street and Europe.

Major corporations — including Boeing, Airbus, Volkswagen, General Electric and Facebook — were scheduled to report their financial results for the first three months of the year. U.S. officials were also expected to unveil economic growth figures, while the Federal Reserve was expected to release a statement about the health of the American economy later in the day.

All of that could affect investor sentiment, which has been cheered in recent days by hints that the United States and other countries will slowly try to resume business as usual. Underscoring the optimism, prices for U.S. Treasury bonds — long considered a safe place to park money — fell in muted Asian trading on Wednesday.

In stock markets, Japan’s Nikkei 225 index was down 0.1 percent. Hong Kong’s Hang Seng index rose 0.2 percent, while the Shanghai Composite index in mainland China rose 0.5 percent. South Korea’s Kospi rose 0.9 percent.

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Stock Markets in Asia Rise on Signs of Reopening: Live Updates
Stock Markets in Asia Rise on Signs of Reopening: Live Updates
  • 2020.04.29
  • www.nytimes.com
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