Asian stocks grind higher as focus turns to earnings – ZAWYA

Asian stocks grind higher as focus turns to earnings – ZAWYA

Asian stocks grind higher as focus turns to earnings | ZAWYA MENA Edition HomeMarketsEquitiesArticleAsian stocks grind higher as focus turns to earnings Investors hope for positive outlook from U.S. firms on earnings    Investors look at computer screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. SINGAPORE/NEW YORK: Asian equity markets ground higher as investors tried to look past gathering Sino-U.S. tension and renewed coronavirus lockdowns to upcoming company earnings, hoping that global stimulus efforts will yield upbeat outlooks.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% and touched a 20-week high as Chinese stocks extended their extraordinary rally.Japan's Nikkei edged ahead by 0.2%.The Chinese yuan rose to a four-month high of 6.9872 per dollar and the greenback sat near a one-month low against a basket of currencies.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% and touched a 20-week high as Chinese stocks extended their extraordinary rally.SINGAPORE/NEW YORK: Asian equity markets ground higher as investors tried to look past gathering Sino-U.S. tension and renewed coronavirus lockdowns to upcoming company earnings, hoping that global stimulus efforts will yield upbeat outlooks.The Chinese yuan rose to a four-month high of 6.9872 per dollar and the