Asian stocks climbed, tracking a rally in US markets after an inflation reading eased concerns of a more hawkish Federal Reserve.
Equities in Australia and South Korea rose at the open, while the Japanese stock market is shut for a holiday. US contracts nudged higher after the S&P 500 rose 1% on Friday. Yen traders remain alert to efforts to support the currency that’s at its weakest in more than three decades. Australian bond yields fell, following US Treasuries on Friday.
Chinese shares will be closely watched after industrial companies’ profits slumped in March as exports flagged and deflationary pressures persisted.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
