BANGKOK – Shares advanced Monday in Asia after U.S. stocks rallied to their best day since November’s election and China reported stronger than expected factory data.
The euphoria over Chinese stocks has hammered much of the country’s debt market, with a notable exception: convertible bonds.
China's stronger-than-anticipated economic data belies serious underlying issues, Nomura analysts said. On-year growth in industrial production, FAI, and retail sales for Jan-Feb were above consensus.
Many voters didn't support Donald Trump to make the stock markets skyrocket. They instead want opportunities for good jobs and a lower inflation rate.
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