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Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind.
The Nikkei 225 edged up more than 2%.
The S&P/ASX 200 edged up 0.57% in Australia. The Hang Seng Index edged up 0.35%, though the Shanghai Composite declined 0.92% on trade data. In general, in April Chinese exports jumped 8% year-on-year, which is below the 10.4% profit observed, while imports soared 11.9%, which is also below the 18.0% revenue expected for a trade balance surplus of $38.05 billion. It has surpassed the observed $35.50 billion.
The previous week, American shares were higher after Friday’s close because revenues in the Oil & Gas, Basic Materials as well as Telecoms sectors brought stocks up. Additionally, at the close in NYSE, the Dow Jones Industrial Average inched up 0.26% and the S&P 500 index soared 0.41%, the NASDAQ Composite index grew 0.42%.
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