Asia shares rise despite weak China, Japan data; firmer yuan helps

February 15, 2016 4:22 AM

2 0

HONG KONG Asian shares snapped a five-session losing streak on Monday as China's central bank fixed the yuan sharply stronger, easing fears of depreciation for now, though a string of weak data from Japan to China and Indonesia suggested the bounce may be short-lived.

European shares were set to follow Asia higher. Financial spreadbetters expected Britain's FTSE 100 .FTSE to open as much as 1.4 percent higher, with Germany's DAX .GDAXI and France's CAC 40 .FCHI both seen up nearly 1.3 percent.

Also read: China's economy faces overcapacity problems, financial risks rise- Xinhua

Read more

To category page

Loading...