Asian stocks rally following US rebound

Japanese equities fall

clock • 1 min read

Asian stocks have rebounded as global equity markets recover from the early February sell-off, which saw $2trn (£1.44trn) wiped from the value of US firms.

Hong Kong and Chinese stocks led gains, with the Hang Seng and Shanghai Composite indexes up 1.6% and 1.2% respectively, after the S&P 500 Index posted its biggest two-day advance in 18 months and the Cboe Volatility Index fell, according to Bloomberg. However, while Japanese shares initially took part in the rally, the Topix index closed down 0.9%, after rising 1.1%. Meanwhile, the Nikkei Stock Average fell 0.7% as a stronger yen weighed on the shares of exporters. Korea's Kospi index gained 0.7% and Australia's S&P/ASX 200 rose 0.6% as the MSCI Asia Pacific rallied 0.4% overall. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read