Asian Stock Market: Traces Wall Street’s run-up amid stimulus hopes, dicey yields – by anilpanchal7 Asia Equities CentralBanks Inflation Recession
Comments from BOJ, PBOC policymakers’ add strength to the optimism despite firmer US/China CPI.Covid woes, political hustle and fears of higher rates keep buyers cautious ahead of the key US data.
Additionally, People’s Bank of China Governor Yi Gang mentioned, “The PBOC has room to adjust policy given the inflation rate in China is well within target.” The policymaker also signaled multiple moves, mostly suggesting more stimulus for infrastructure and housing, to provide stronger support for the real economy.
In addition to the stimulus hopes at home and mixed data, the UK government’s U-turn tax cut, as well as ongoing covid woes in China and Europe, are also some of the key catalysts that directed Asian markets. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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