Asian stocks soar to record peak on trade deal optimism
Summary
Asian stocks surged to record highs on optimism over a US-China trade deal, while investors await key central bank meetings and megacap earnings reports this week.
Key Points
- Asian stocks soared to record levels on optimism following a tentative trade deal framework between China and the US.
- Major Asian markets like South Korea, Taiwan, and Japan saw gains over 2%, with the Nikkei breaking 50,000.
- Investor focus shifts to upcoming central bank meetings across Japan, Canada, Europe, and the US with expectations of a US rate cut.
- US megacap companies including Microsoft, Apple, Alphabet, Amazon, and Meta Platforms are set to report earnings, influencing market sentiment.
