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Asian Stocks Rally After China Reports Better Trade Data

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Even as Indian stock markets including currency and bullion is closed for Dr. BR Ambedkar Jayanti, Asian markets extended continued their gains as restrictions were lifted in some of the nations while on the other hand Chinese trade data came in better than expected.

China's exports inched lower by 6% in comparison to an anticipated decline of 14%.

Asian Stocks Rally After China Reports Better Trade Data
 

And this to an extent means dissipation of prolonged downturn woes which have been partly helped by economic stimulus extended by world economies as well as peaking out of coornavirus infection cases elsewhere.

Chinese shares were up in trade by as much 0.9%, while Japanese Nikkei climbed 3.13%. Korea's Kospi was also up 1.72%

European markets also started on positive note with German DAX up 1.05%, while French CAC was up 0.44%.

On Monday, US stocks ended mixed with Dow and S&P slumping while Nasdaq gained.

Nonetheless, no one can say the markets across the world have reached their bottoms.

And markets in India shall in the week ahead by influenced by earnings data to be spearheaded by Wipro, retain inflation number, new coronavirus cases and deaths on account of it and economic activity fall out due to further extension of lockdown till May 3.

There is anticipated a heavy sell-off and volatility in the Indian markets going ahead.

GoodReturns.in

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