Asian Markets

Asian markets rally after Fed meeting

Hong Kong stocks opened lower, extending losses into a seventh day

Investors weigh struggle by US lawmakers to hammer out stimulus

Reimposition of lockdowns in parts of the world adds to investors’ concerns

Japan reported its exports fell almost 12% in March from a year earlier, with shipments to the US down over 16%

Readings on April manufacturing globally are expected to show recession-like data

Economy contracted 6.8% in Q1, lower than economists’ forecast

Seoul was flat, while Shanghai closed 0.3% higher and Singapore was up 0.7%

Poor US economic figures spook investors, fuelling worries of full impact of pandemic

Slowing rate of new corona infections is providing much-needed buoyancy to equities

Uncertainty about the crisis and damage it will inflict on global economy keeps traders on edge

Markets, however, lack momentum as economic crash on a scale not seen for generations looms large

Upbeat news about infections lifts markets that shrug off data showing massive drop in US jobs

Negative mood fuelled by failure of US lawmakers to agree on trillion-dollar package

Tesla and American Airlines suffered bruising declines, Amazon reported a slowdown.

Investors not expecting major improvement when officials from Beijing, Washington meet

The news was met with anger from key allies including the EU and Canada