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Asian stocks rise on dovish BOJ, China stimulus hopes By Investing.com

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*ASIAN STOCKS RISE ON DOVISH BOJ, CHINA STIMULUS HOPES; NIKKEI ENDS JUST BELOW 33-YEAR HIGH 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳

indexes rose about 0.4% each on Friday, extending gains into a second straight session as the People’s Bank of China began trimming lending rates to support economic growth.loan prime rate

on Tuesday. The move comes amid growing uncertainty over a post-COVID Chinese economic recovery, following a string of weak indicators for April and May. But the recent rate cuts, coupled with promises of more supportive measures from the Government, have ramped up hopes that the Chinese economy will pick up in the second half of the year.

 

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