Reported about 1 month ago
As the week begins in Asia, the backdrop is mixed with the US stock market's resilience and China's looming monetary support, including anticipated loan prime rate cuts aimed at bolstering the economy and addressing property sector issues. Despite local economic struggles reflected in underwhelming GDP growth, China's recent measures indicate proactive steps to stabilize markets. In contrast, US economic data continues to exceed expectations, leading to discussions about potential market corrections amid rising optimism.
Source: YAHOO