Asian markets rise on China GDP data | Malay Mail

A walks by Beijing’s Central Business District during morning rush hour as the spread of the new coronavirus disease continues in China, April 17, 2020. — Reuters pic

Life in China has since gradually begun returning to normal after the quarantine measures choked the world’s second-largest economy. A big economic contraction had already been priced into markets and today’s data was “within expectations”, said Yoshihiro Okumura of Chibagin Asset Management. “The production side of the economy is normalising, and end-consumption will follow,” he said in a note.

Hong Kong was up 1.5 per cent and Shanghai finished 0.7 per cent higher, with all other major Asian bourses in positive territory.Tokyo closed up 3.2 per cent, with investors buoyed by overnight news that Donald Trump had laid out guidelines for a phased reopening of the US economy.

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