Asian Stocks Recovery Stretches To 3rd Day

Asian stocks rose, with the regional benchmark index heading for its third straight day of gains, as U.S. jobless claims fell and investors weighed company earnings.

The MSCI Asia Pacific Index added 0.8 percent to 132.60 as of 9:18 a.m. in Tokyo. The measure has pared its weekly loss to 1.6 percent. China’s markets are scheduled to open today after Lunar New Year holidays.

“Fundamentals still look good and the global economy is expected to grow faster this year than it did last year,” said Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, which oversees about A$170 billion ($152 billion). “That’s a positive environment.”


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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