Asian markets lifted by recovery hope, Tokyo breaks 30,000 | Malay Mail

HONG KONG, Sept 7 — Asian markets rose today, extending recent gains on optimism about the global outlook, though rising Delta coronavirus cases and worries about a slowdown in the economic recovery continue to cast a shadow.

However, several markets have continued to press to new records or multi-year highs owing to the ultra-loose monetary policies of central banks around the world—particularly the US Federal Reserve—that have kept borrowing costs down. Hong Kong tourism-linked firms were given an extra lift by news that the city’s government planned to partially open the border with China next week, allowing 2,000 non-residents a day to enter.

Data showing a forecast-busting rise in Chinese imports and exports last month eased concerns about slowing growth in the world’s number two economy but OANDA’s Jeffrey Halley added that the readings will likely allow authorities to hold off introducing any fresh support measures.

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