From Google: 2024-08-15 21:00:00

Asian equities surged as concerns of a US recession eased, with the MSCI Asia Pacific Index up by 0.9%. The Nikkei 225 rose by 2.8%, the Hang Seng Index increased by 1.9%, and the Shanghai Composite gained 1.2%. This positive momentum was sparked by the release of better-than-expected US retail sales data and strong corporate earnings. Investors are cautiously optimistic about a potential resolution to the US-China trade dispute. The positive sentiment was also reflected in the South Korean Kospi, which rose by 0.9%. Australian shares also saw gains, with the S&P/ASX 200 up by 0.6%.



Read more at Google: Asian Equities Rally as US Recession Fears Fade: Markets Wrap – Yahoo Finance