Asian stocks rebounded
from a three-year low, after a rally in U.S. equities, as Japanese
shares climbed for the first time this year and investors awaited China
trade data.
The MSCI Asia Pacific
Index added 1 percent to 121.97 as of 9:11 a.m. in Tokyo, set to halt a
seven-day losing streak after sliding to its lowest close since November
2012 on Tuesday. The Standard & Poor’s 500 Index rose for a second
day on speculation the selloff that wiped out more than $5 trillion from
global equity values this year has gone too far. Chinese data due
Wednesday are expected to show accelerated declines in imports and
exports in December, after the country’s defense of the yuan on Tuesday
calmed investors also watching a deepening rout in raw materials.
China sparked a record
surge in Hong Kong’s money-market rates on Tuesday to deter bearish
speculators after reductions in its reference rate last week roiled
global markets and exacerbated concerns over the country’s ability to
deal with its slowdown. Economists predict trade data will show the
steepest drop in Chinese exports since July and an ongoing slump in
incoming shipments.
Source : Bloomberg
0 komentar :
Post a Comment