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    Stock market: Asia rises with China loosening Covid restrictions

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    Venice boat show, the Expo on water focuses on innovation and sustainability (ANSA)

    (ANSA) – MILAN, MAY 30 – The main Asian stock exchanges are on the rise, with China loosening some restrictions put in place to combat Covid 19, waiting to release the SME indices the next day, which should show a recovery , after the abrupt collapse in April. The MSCI Asia Pacific Index rose as high as 1.7%, led by technology. Taiwan closed 2.1% higher, Australia 1.4%. With markets still open, in Japan the gains are 2.2%, in Hong Kong 1.8% in Shanghai 0.2%, in Korea by 1.2%.

    With the US stock market closed for Memorial Day, the week starts with inflation data from Spain and Germany, which could see price growth accelerate to 8% in May. The Eurozone will publish the indices on economic and consumer confidence. The summit of EU leaders on Ukraine will open in Brussels, with member states struggling to find an agreement on the sixth package of sanctions extended to oil. Meanwhile, in the US, a speech by the voting member of the Fed, Christopher Waller, on the economic outlook is scheduled. (HANDLE).

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    Source: Ansa

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