Asian stocks soar notwithstanding Wall Street dip

Asian stocks soar notwithstanding Wall Street dip

On Thursday, Asian stocks managed to shrug off a lackluster start. They inched up, while the evergreen buck gained because traders priced in more American rate lifts after positive economic data.

SCI's broadest index of Asia-Pacific equities outside Japan tacked on 0.6%.

In addition to this, Australian stocks AXJO managed to gain 0.3%, with market sentiment underpinned by data showing that the country's jobless rate sank to 5.4% in October, which is its most impressive outcome since early 2013.

Japan's Nikkei N225 reversed early losses and inched up 1.5% because market participants hunted for bargains after a six-day losing marathon.

EMini futures for the S&P 500 tacked on 0.2% after key indexes sagged on Wall Street overnight, with the S&P 500 energy sector reporting a four-day drop of 4%, which is its weakest result for 14 months.

Besides this, core American inflation rallied, while retail sales confounded estimates, rolling out an upbeat sign for growth.



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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