Asian stocks rose this week after U.S. data and earnings boosted optimism about the world’s biggest economy while further signs of slowdown in China stoked speculation the government will add stimulus to stabilize growth.
Asian stocks rose for a second day after U.S. industrial production increased more than forecast in March and Federal Reserve Chair Janet Yellen said the central bank remains committed to supporting the economic recovery.
Asian stocks rose for the first time in four days amid a rally in telecommunication shares and as investors weighed prospects for stimulus after China’s economic growth slowed to the weakest pace in six quarters.
Asian stocks slipped to a two-week low as Chinese equities tumbled after a report showed the slowest increase in the nation’s money supply on record, underscoring risks of a deepening slowdown in the world’s second-biggest economy.
Authorities have expanded a visual search for the missing Malaysian Air jet as a failure to detect further signals from the plane’s black-box recorders deepened concern the devices’ battery power has expired.
Asian shares fell this week, with the regional benchmark halting a two-week gain and Japan’s Topix index capping its worst week since June, as technology shares sank amid a global rout and the yen strengthened.
Authorities hunting for the black boxes on the missing Malaysian Air jet failed to detect their signals during the latest search efforts, increasing the likelihood that the devices’ battery power has run out.