Asian stocks rose on Monday as investors bet on Federal Reserve easing rates, and China's markets reopened.
Asian stocks rose on Monday as investors bet on the Federal Reserve easing rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Mainland China's markets reopened after an extended break and the MSCI broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher. Chinese shares offshore posted strong gains last week, while Hong Kong's Hang Seng Index rose 4.7% last week and clocked its longest daily winning streak since 2018. The Nasdaq-listed Golden Dragon China Index jumped 5.5% last week.
May 05, 2024
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