Asian stocks rally on Wall Street’s lead

Asia shares rallied on Thursday, following Wall Street’s lead, and the dollar held just off a two-month high versus the yen amid signs Washington might be close to a deal to raise the debt ceiling and avert a first-ever default.

On Wednesday, President Joe Biden and top U.S. congressional Republican Kevin McCarthy underscored their determination to reach an agreement soon by pledging to negotiate directly on a deal amid estimates the Treasury could run out of money by the start of June.

Biden will cut short a trip to Asia to return to talks on Sunday.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Asian Values

More articles like this

Fidelity Asian Values

Asian stock markets Rally amid robust economic data

Asian stock markets experienced significant gains on Monday, while the US dollar reached a seven-week high against the yen, buoyed by surprisingly strong labour market data in the United States. This unexpected economic strength alleviated concerns

Fidelity Asian Values

Southeast Asian markets outperform

Since the end of June, Southeast Asian markets, including the Philippines, have outperformed the United States. This was driven by growing expectations that the US Federal Reserve would adjust its policy, which caused the dollar to

DirectorsTalk

Asian markets boosted by Nvidia surge and soft Japanese inflation

On Thursday, most Asian stocks saw gains, especially in the technology sector, following a strong overnight performance by Nvidia. Japanese markets, in particular, performed well due to lower-than-expected producer inflation data, which contradicted recent hawkish remarks

Fidelity Asian Values

Asian markets show gains as yen stabilises

On Tuesday, Asian markets experienced gains, driven by the rise in Japanese stocks, while the yen showed signs of stabilisation after a period of weakness against the US dollar. Japanese equities performed strongly, with a positive

Fidelity Asian Values

Asian stocks rebound as market worries ease

Asian markets largely extended their gains. This improvement in sentiment comes after last week’s turmoil, which was driven by fears of a potential US recession. Investors have since seen these concerns ease somewhat, especially ahead of

Fidelity Asian Values

Asian stock markets rally as recession fears ease

Asian stocks generally advanced on Monday, building on a recovery from the previous week. This uptick was driven by growing optimism that fears of a U.S. recession may have been overstated. The focus for investors now

Fidelity Asian Values

Asian stocks surge as Tokyo leads strong rebound

Tokyo stocks surged over 10 per cent on Tuesday, rebounding from a record selloff driven by concerns about the US economy and a stronger yen. The Nikkei 225 index soared 10.33 per cent, gaining 3,249.36 points

Fidelity Asian Values

Asian markets rally despite Chinese economic concerns

Most Asian stocks saw gains on Tuesday, taking cues from a strong finish on Wall Street, driven by growing expectations for a September interest rate cut. However, Chinese markets lagged due to concerns over a cooling