Equities surge on strong US consumer data
==========
Japanese stocks surged and markets in Asia strengthened on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world’s biggest economy. The key Nikkei 225 index added more than three-and-a-half percent following rallies on Wall Street, continuing a bullish run after stocks in Tokyo crashed Monday on worries about the US economy and a stronger yen. Chinese data on Thursday showed the country’s industrial production slowing and unemployment rising in July, while consumer spending marginally beat analysts’ expectations. Despite a nearly 30 percent dip in quarterly profit reported on Thursday, Chinese tech giant Alibaba saw its stock soar in Hong Kong after it recorded gains in New York. Stocks in Shanghai also ended marginally higher while Singapore, Seoul, Sydney, Taipei, Manila, Mumbai, Bangkok, and Jakarta all posted healthy gains early. In Europe, Paris and Frankfurt both rose at the open while London edged down.
#Equities #UsConsumerData #JapaneseStocks #WallStreet #Nikkei225 #ChineseData #Alibaba #HongKong #Shanghai #Singapore #Seoul #Sydney #Taipei #Manila #Mumbai #Bangkok #Jakarta #Paris #Frankfurt #London
https://www.macaubusiness.com/equities-surge-on-strong-us-consumer-data/
Macau Business /
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2024-08-16 09:13:18
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wss://relay.damus.ioPublished at
2024-08-16 09:13:18Event JSON
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"content": "Equities surge on strong US consumer data\n==========\n\nJapanese stocks surged and markets in Asia strengthened on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world’s biggest economy. The key Nikkei 225 index added more than three-and-a-half percent following rallies on Wall Street, continuing a bullish run after stocks in Tokyo crashed Monday on worries about the US economy and a stronger yen. Chinese data on Thursday showed the country’s industrial production slowing and unemployment rising in July, while consumer spending marginally beat analysts’ expectations. Despite a nearly 30 percent dip in quarterly profit reported on Thursday, Chinese tech giant Alibaba saw its stock soar in Hong Kong after it recorded gains in New York. Stocks in Shanghai also ended marginally higher while Singapore, Seoul, Sydney, Taipei, Manila, Mumbai, Bangkok, and Jakarta all posted healthy gains early. In Europe, Paris and Frankfurt both rose at the open while London edged down.\n\n#Equities #UsConsumerData #JapaneseStocks #WallStreet #Nikkei225 #ChineseData #Alibaba #HongKong #Shanghai #Singapore #Seoul #Sydney #Taipei #Manila #Mumbai #Bangkok #Jakarta #Paris #Frankfurt #London\n\nhttps://www.macaubusiness.com/equities-surge-on-strong-us-consumer-data/",
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