Japan's Nikkei soars over 3% to clock best week in 4 years amid a broad rally in Asia markets
Publishing timestamp: 2024-08-16 03:39:46
Summary
Asian markets track rally on Wall Street after U.S. economic data eases fears of recession. Japan stocks lead gains with Nikkei 225 jumping 3.64% and notching best week in four years. U.S. retail sales and jobless claims data also lift sentiment. Singapore's non-oil exports beat expectations, while Australia's Reserve Bank governor says it's premature to think about rate cuts. Hong Kong and mainland China also see gains, with Taiwan and Hong Kong's second-quarter GDP data awaited.
Sentiment: POSITIVE
Tickers: .DJI, .IXIC, .AXJO, .N225, .HSI, .SPX, .KS11,
Keywords: business news, world markets, nikkei 225 index, kospi index, markets, asia economy, breaking news: markets, hang seng index, s&p 500 index,
Source: https://www.cnbc.com/2024/08/16/asia-markets.html