China stocks surge after plunge in previous session

Friday, 17. July 2020 04:35

Stocks in the Asia-Pacific region traded mostly higher on Friday with Chinese benchmarks surging following a 4% plunge during the previous session. As the coronavirus crisis appears to be far from over, traders continued to monitor stimulus measures across the globe, while keeping an eye on incoming economic data.

In Japan, the benchmark Nikkei 225 was flat at 4:10 am CET, while South Korea's Kospi Composite rose 0.53%. In mainland China, the Shanghai Composite jumped 1.09% as the Shenzhen Composite surged 2.14% at 4:30 am CET. Hong Kong's Hang Seng gained 1.03% at the time. On the Australian Securities Exchange, the S&P/ASX 200 was flat.

The dollar was down 0.03% against the yen, buying ¥107.243 also at 4:30 am CET.

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