Asian stock markets gain; Yen dips as China eases growth worry


Equity tips:-

Treasuries fell with Australian government bonds as the global rally in sovereign debt shows further signs of steadying.





Asian markets gained with US equity futures and Treasuries slipped as evidence of a pick-up in China’s manufacturing eased concerns about the global economic slowdown.


Japanese shares saw gains of about 2% and equities rose in Hong Kong, Sydney and Seoul.



Both of China’s key manufacturing PMI for March beat the highest estimate in Bloomberg surveys of economists and indicated an acceleration in activity in the world’s No. 2 economy.



The yen declined. Treasuries fell with Australian government bonds as the global rally in sovereign debt shows further signs of steadying. US-China trade talks will resume when Vice Premier Liu He leads a delegation to Washington later this week.



Elsewhere, the lira slipped as preliminary results from the weekend’s municipal elections showed the popularity of President Recep Tayyip Erdogan is being tested. The pound was steady as a resounding defeat on Friday left UK Prime Minister Theresa May at an impasse, with talk of a possible third general election in four years gathering steam.


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