NewsFeeder
10-12-2018, 01:51 AM
Asia shares bounce after rout, Shanghai crawls higher from four-year trough
Asian shares staged a rebound on Friday to set course for their first gains in two weeks, with Shanghai managing a modest recovery from a rout that saw its shares crumble to near 4 year lows. "Since yesterday, trading volume has been fairly big suggesting strong buying interest," said Naoki Tashiro, president of TS China Research in Tokyo. Japan's Nikkei average (.N225) rose 0.5 percent while the U.S. stock futures (ESc1) gained 1 percent in Asian trade on Friday, in part helped by media report that the U.S. Treasury Department will not call China a currency manipulator in its upcoming semiannual report.
https://finance.yahoo.com/news/asian-shares-edge-9-day-005437097.html?.tsrc=rss
Asian shares staged a rebound on Friday to set course for their first gains in two weeks, with Shanghai managing a modest recovery from a rout that saw its shares crumble to near 4 year lows. "Since yesterday, trading volume has been fairly big suggesting strong buying interest," said Naoki Tashiro, president of TS China Research in Tokyo. Japan's Nikkei average (.N225) rose 0.5 percent while the U.S. stock futures (ESc1) gained 1 percent in Asian trade on Friday, in part helped by media report that the U.S. Treasury Department will not call China a currency manipulator in its upcoming semiannual report.
https://finance.yahoo.com/news/asian-shares-edge-9-day-005437097.html?.tsrc=rss