Asian shares inched up on Monday as Chinese markets rebounded on hopes of more p...
TOKYO - Asian shares inched up on Monday as Chinese markets rebounded on hopes of more policy support for the slowing economy, but surprisingly weak U.S. employment data raised doubts about the strength of the global economy and limited gains.
“Trading volume is surging while foreign investors have been selling late last week,” said Naoki Tashiro, president of TS China Research, adding that suggests buying by retail investors is driving Chinese shares. India’s NSE index rose 1.0 percent hit near six-month highs after a general election was set to start on April 11, raising hopes Prime Minister Narendra Modi is likely to benefit from tensions with Pakistan.
Retail sales figures for January’s due at 1230 GMT is a key focus given its December reading was surprisingly weak.
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