Asian Stocks Rebound Higher

Japanese stocks rebounded on Friday following a stunning 5 percent dive the day before as the yen resumed its pace of declines and after the latest U.S data eased concerns of an early end to the Federal Reserve’s bond-buying program.

The rest of Asian equities tracked the Nikkei’s gains with Australia’s benchmark index rising from a previous seven-week low and South Korea’s Kospi at a fresh one-month high.

“We’ve had the most intense run-up in Japanese markets and now we are facing volatility. When we look back in a few months’ time, it will seem like a healthy correction,” said Adrian Mowat, managing director, chief Asian and emerging market equity strategist, J.P. Morgan.

Lower-than-expected U.S. GDP figures and rising claims for unemployment benefits reassured investors that the Federal Reserve would not start tapering stimulus anytime soon.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu