Asian Stocks Up Over Investor Hopes of COVID-19 Recovery


Source: yahoo.com yahoo.com

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By Gina Lee Investing.com – Asian stocks were up on Thursday morning with investors balancing hopes of an economic recovery from COVID-19 against ever-increasing numbers of cases. There are over 12 million global cases as of July 9, according to Johns Hopkins University data, with some countries re-imposing lockdowns to curb fresh outbreaks. China’s National Bureau of Statistics released positive inflation data for June earlier in the day. The Producer Price Index (PPI) fell by 3% year-on-year, against the previous month’s drop of 3.7% and the 3.2% drop predicted in analyst forecasts prepared by Investing.com. June’s Consumer Price Index (CPI)...