111 Asian stocks reached a 4-month high this week on the news of China’s economic reopening following the coronavirus pandemic. The Chinese government’s announcement of a plan to stimulate consumption and increase domestic demand has boosted investor confidence and led to a surge in stock prices across the region. Markets in Japan, South Korea, and Australia all saw significant gains, with the MSCI’s broadest index of Asia-Pacific shares outside Japan rising by 0.7%. The reopening of China’s economy, the world’s second-largest, is a positive sign for the global economic recovery and has investors optimistic about the future growth potential of Asian markets. You Might Be Interested In When will confidence return to Asian markets? Stocks making the biggest moves after hours: DOCU, SMAR, PL U.S. Housing Market Slows but Avoids Crash Despite Price Declines Patterson Companies: Sharp Selloff Opens Asymmetry For Valuation Upside (NASDAQ:PDCO) “Despite Wilko’s Demise, Promising Investment Opportunities Emerge in Britain’s Challenged Retail Sector, Says Financial Analyst” The Nifty saw a decrease due to concerns over a broader conflict between Israel and Hamas
