Asian shares edge higher on US plans to reopen economy
Shares in China rise despite data showing the country suffered its worst economic contraction on record
17 April 2020 - 07:46
Tokyo/New York — Asian stocks gained on Friday as President Donald Trump’s plans to gradually reopen the US economy offset data that showed China suffered its worst economic contraction on record due to the coronavirus outbreak.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 2.6% after reaching a five-week high. Shares in China rose 1.8% as the weak GDP data reinforced expectations that more stimulus is coming, while shares in Australia were up 2.62%...
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