Any gains, however, may be capped in early trade as investors stay on the sidelines before a spate of Chinese data, due Friday, that will likely show the world's No. 2 economy shrinking for the first time on record between January and March. A Reuters poll showed China's economy is forecast to have shrunk 6.5% in the first quarter from a year ago.
NEW YORK: Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.
Any gains, however, may be capped in early trade as investors stay on the sidelines before a spate of Chinese data, due Friday, that will likely show the world's No. 2 economy shrinking for the first time on record between January and March. A Reuters poll showed China's economy is forecast to have shrunk 6.5% in the first quarter from a year ago.
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