[HONG KONG] Asian markets posted healthy gains in Friday trade after official data in China showed the coronavirus pandemic had not hit economic growth as badly as some had feared. Read more at The Business Times.
Other figures showed a sharp drop in domestic demand, with many shoppers staying at home and avoiding crowds due to fears of a resurgence in virus cases.
Hong Kong and Tokyo were all up by more than two per cent in morning trade, while Shanghai was 0.7 per cent higher and all other major Asian bourses were in positive territory.Wall Street equities finished higher as Donald Trump laid out guidelines for a gradual reopening of the US economy. But business leaders have said more widespread testing for coronavirus is essential before the economy can move significantly towards normality.
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