Asia stocks extend rally as economic recovery hopes boost confidence Technical Analysis 

Asia stocks extend rally as economic recovery hopes boost confidence

By Administrator_India Capital Sands Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery. Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the unemployment rate, sending Wall Street indices surging with the Nasdaq hitting a record close on Monday Global financial markets were battered in March as investors fretted over extent of both the short and longer…

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Asian Market Commodity Broker 

Asian Stocks Up Despite COVID-19 Uncertainty

By Administrator_India Capital Sands   Asian stock markets were up on Tuesday with modest gains despite the economic uncertainty unleashed by the COVID-19 pandemic. Japan’s Nikkei 225 rose 1.89%. Conglomerate Softbank Group saw its shares gain 2.95% as they rallied from an earlier drop of more than 3% the day before. The company announced that its Vision Fund expected to see a loss of JPY 1.8 trillion ($16.69 billion) for the 2019 fiscal year due to a “deteriorating market environment.” China’s Shanghai Composite was up 0.57% while the Shenzhen Component was up 0.93%. with Chinese trade data for March set to be released later in the day. Investors will be taking a close look at the data as Wuhan lifted its three-month lockdown in…

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