Asian stocks falter on mixed data
Markets edge up but are on track for their softest week in about a month
21 August 2020 - 08:37
Singapore/New York — Asia’s stock markets bounced on Friday after Wall Street’s lead, but were set for their softest week in about a month as investors grapple with tepid economic data and lofty valuations after a huge rally that has wiped out coronavirus losses.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6% on Friday, though it is it poised to snap a four-week winning streak with a small weekly loss...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.