Asia stocks rise on bets of more stimulus as dollar rally fades


MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.0%. Australian shares were up 2.02%, while Japan's Nikkei stock index rose 3.65%. E-Mini futures for the S&P 500 rose 0.81% in Asia following three consecutive days of gains in the S&P 500 on Wall Street.

TOKYO: Asian stocks rose on Friday as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.0%. Australian shares were up 2.02%, while Japan's Nikkei stock index rose 3.65%.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Asia , stocks , Nikkei , MSCI , Australian , stimulus , wager , more , e-mini futures , Wall Street , US , house , pass , bill ,

   

Next In Business News

Property market recovery on the horizon
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
Bank asset values in UK face 5% hit this decade
Nasa chief asks nations to work together on climate change
AI memory boom propels SK Hynix’s numbers
NYCB faces tough choices on CRE loans, balance sheet diversification
Battery stocks’ rally in India likely to extend
Ford profit up on sales of commercial vehicles
Congo accuses Apple of using ‘blood minerals’ from war-torn east

Others Also Read