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11-07-2022, 07:58 PM
TOKYO--Asian shares retreated Monday, except in Japan, where the benchmark Nikkei 225 index rallied after a landslide parliamentary election victory by the ruling Liberal Democratic Party.
Concerns about global inflation and interruptions to economic activity brought on by the coronavirus pandemic are adversely affecting investor sentiment in many parts of the region.
And the tide may be shifting as more and more market players focus on the economic outlook, Stephen Innes of SPI Asset Management said in a commentary.
“A recession is not the market’s base outlook, but until proven otherwise, investors will debate the depth of the growth hit, not the likelihood of recession; thus, good economic data is good news for stocks," he said.
Japan's benchmark Nikkei jumped 1.1 percent to 26,812.30.
https://www.asahi.com/ajw/articles/14667118
Concerns about global inflation and interruptions to economic activity brought on by the coronavirus pandemic are adversely affecting investor sentiment in many parts of the region.
And the tide may be shifting as more and more market players focus on the economic outlook, Stephen Innes of SPI Asset Management said in a commentary.
“A recession is not the market’s base outlook, but until proven otherwise, investors will debate the depth of the growth hit, not the likelihood of recession; thus, good economic data is good news for stocks," he said.
Japan's benchmark Nikkei jumped 1.1 percent to 26,812.30.
https://www.asahi.com/ajw/articles/14667118
