There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asian stocks ascend on firm China GDP
On Monday, Asian stocks set a fresh two-year peak, underpinned by stronger-than-expected economic surge in China as well as bets that dismal American data will keep the Fed cautious as for the pace of further monetary policy tightening.
Chinese blue-chips managed to recoup abrupt early losses after data revealed that the world's second-largest economy ascended at a moderately faster than expected pace of 6.9% during the second quarter, due to robust industrial output, exports and retail sales.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks extended earlier profits to gain 0.4% after the buoyant China reports. Japanese markets didn’t function due to a holiday.
Australian stocks, which started on Monday in negative territory, rose 0.1%, while South Korea's KOSPI ascended 0.4%.
Meanwhile, in China the CSI 300 leapt 0.2%, having dropped 2.2%. The Shanghai Composite narrowed earlier drops as much as 2.6%, tumbling 0.1%.
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N