Asian stocks mostly soar notwithstanding headwinds from China data

Asian stocks mostly soar notwithstanding headwinds from China data

On Monday, Asian stocks mostly added outside of Tokyo notwithstanding headwinds from a North Korean weekend missile test as well as worried over further spread of cyberattacks worldwide.

The Japanese benchmark Nikkei 225 went down 0.12%. As for the Kospi, it managed to shrug off North Korea's latest missile launch. Australia S&P/AX 200 tacked on 0.08%.

Meanwhile, miner BHP Billiton is supposed to disclose plans to unlock greater value from its shale assets right after hedge fund Elliott Management made the company restructure the previous month, as Reuters informed.

The Hang Seng Index jumped 0.56%, the Shanghai Composite inched up 0.26%.

Secondly, China posted that industrial production leapt a less than expected 6.5%, thus missing a 7.5% revenue observed. In addition to this, China informed that retail sales for April headed north 10% on year.

The previous week, American shares concluded mostly lower on Friday. It’s because market participants fled retail stocks for a second straight day amid worries of a drop in the retail sector while weaker than expected economic reports applies pressure on upside momentum.

Similar

American futures tack on

On Thursday, American equities jumped a bit due to the fact that market participants set aside fears over the everlasting trade conflict between China and America and turned their focus to economic data as well as earnings out later in the trading…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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

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