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- Global Stocks: Asian stock indices rallied
Global Stocks: Asian stock indices rallied
U.S. stock markets were on holiday on Monday.
This morning in Asia Hong Kong Hang Seng gained 1.78%, or 337.33 points, to 19,255.47. China Shanghai Composite Index surged 3.18%, or 87.36 points, to 2,833.56. Meanwhile the Nikkei rose 0.91%, or 146.41 points, to 16,168.99.
Asian stocks rallied. Higher oil prices and stabilizing Chinese markets improved risk sentiment and persuaded investors to return to stocks.
Japanese stocks declined at the beginning of the session, but started to gain later. Some experts explain this situation by technical factors. By Friday Japanese indices had lost about 20-25% since the beginning of the year, which was enough for supply and demand to start to balance. A weaker yen supported exporters.
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