Asian stocks poised for weekly gain as recession fears dwindle

Quick Summary:

SINGAPORE: Asian shares were headed for a weekly gain on Friday and Japan's benchmark Nikkei was poised for its best week in more than four years as upbeat risk sentiment spilled over from Wall Street, while the dollar and U.S.

Treasury yields held broadly steady.

"Our assessment is that the market fallout from the weak early August U.S.data was disproportionate," said Jonas Goltermann, deputy chief markets economist at Capital Economics.

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Category: EconomyBusiness

Markets: MalaysiaHong KongJapanSingaporeUnited States

Topics: Inflation MSCI Nikkei Markets Asian Recession /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 14:19:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22095860

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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