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.


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