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Stocks markets rise in Asia
On Wednesday, Asian stock markets generally soared, with China recovering after a few days of losses and other financial markets proceeding with their upwards trends.
In Hong Kong the Hang Seng Index gained 0.41% reaching 26,638. Additionally, Hong Kong stocks have soared because market participants from mainland China sought the territory for investment options.
Singapore's FTSE Straits Times Index managed to earn 0.19% being worth 3,312.44. Besides this, Japan’s Nikkei 225 grew a mild 0.07% hitting 20,013.50 during morning trade.
As for Thailand's SET Index, it ascended 0.13% trading at 1,573.57, while the PSEi Index in the Philippines acquired 0.45% notwithstanding the Philippine peso stuck to 11-year minimums and the country's key financial institution forecast the first current account deficit for 2017 since 2003.
China's markets revived from several dismal days, and by mid-morning Wednesday, the Shanghai Compasit Index headed north 0.77% reporting 3,211.74, while the Shenzhen Composite Index tacked on 0.52% trading at 1820.807.
In Korea, Kospi 50 decreased 0.30% being worth 2,125.28.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.