HONG KONG (AP) - Asian stocks climbed Friday, with benchmarks in Tokyo and Hong Kong up more than 1 percent, amid hopes massive stimulus measures in the U.S. and beyond will mitigate the worst global slowdown in decades.
(In Kuala Lumpur the benchmark Composite Index (KLCI) rose 9.98 points or 1.13% to 889.93 at 12.45pm. Volume was 1725618 lots. Losers led gainers 274 to 222 while 179 counters were unchanged. For latest Bursa Malaysia indices, charts and other information click here) Investors were optimistic the U.S. plan, which swelled to $920 billion as of Thursday, would soon win approval from lawmakers, providing some clarity about how long recession in the world's largest economy might last.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
