PSX 100 Index
Updated:
07/11/24 06:19News
Asian Stocks Climb on China Boost, Dollar Steady: Markets Wrap
- Chinese equity benchmarks jump 2%, outperforming region
- Dollar treads water; Australia keeps interest rate unchanged
Asian stocks advanced following a slew of positive headlines from China that supported sentiment. The dollar was steady as the clock ticked down to a tight US election.
Chinese equity benchmarks rose about 2% to lead the region’s gains. Japan’s Nikkei 225 jumped following a public holiday, while shares in Australia and South Korea slipped. The Bloomberg Dollar Spot Index was flat and the 10-year Treasury yield advanced one basis point, while US stock futures were little changed.