THURSDAY, April 25, 2024
nationthailand

Asia shares extend rally on China trade relief

Asia shares extend rally on China trade relief

SYDNEY - Asian share markets gains on Wednesday after upbeat Chinese trade data offered hope the economy was stabilising, underpinning both risk sentiment and commodity prices.

 
China reported exports rose 18.7 per cent in yuan terms in March, compared to a year earlier, while imports dipped only a slight 1.7 per cent. That was a huge improvement on February, even though data at this time of year tends to be distorted bythe new year holidays.
The early investor reaction was to take the improvement on trust and push up China-sensitive assets such as the Australiandollar which climbed above 77 US cents.
Shanghai stocks gained 1.9 percent while Japan's Nikkei rose 2.4 per cent to its highest in eight sessions. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4 per cent and Australia gained 1.1 per cent.
The Thai stock market closed today until Friday on traditional New Year. 
- Reuters
RELATED
nationthailand