Asian shares erase early drops on bargain hunting

Asian shares erase early drops on bargain hunting

On Thursday, Asian shares offset early losses and soared, as signs of resilience emerged in some markets, while firm commodities, such as crude, backed some bargain hunting among traders.

However, with the result of the French presidential elections due at the weekend, financial markets are set to trade in traditional trading ranges, barring any key data surprises in Asia.

Outside Japan MSCI's broadest index of Asia-Pacific stocks edged up 0.1%, having dipped 0.5% in early trades. Revenues in Chinese as well as Japanese stocks pulled the broader market higher.

Considering the binary risk of the French presidential elections, to say nothing of geopolitical concerns over North Korea, market participants are currently staying on the sidelines.

Japanese shares N225 added 0.3%, following news of exports ascending 12% in March from a year earlier, while marking the fourth straight month of revenues improved market sentiment.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera