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  • World stocks rally on encouraging economic data

    Published on June 23, 2020

    World stocks today rallied on encouraging global economic data and assurances from U.S. President Donald Trump that the U.S.-China trade deal remained fully intact after confusion over its fate had emerged.

    Japan’s Nikkei-225 Index gained half a percent while Singapore’s Straits times, South Korea’s KOSPI and China’s Shanghai Composite index added marginally by 0.2 percent. Hong Kong’s Hang Seng surged 1.6 percent.

    European markets were also up in intra-day trade. London’s FTSC-100 climbed 1.2 percent, France’s CAC gained 1.7 per cent while Germany’s DAX zoomed 2.7 percent.