Asia-Pacific Stocks Surge After RRR Cut: Traders Prepare for GDP Report Asia-Pacific Stocks Surge After RRR Cut: Traders Prepare for GDP Report

Written By Michael Gary Scott
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Japan (NKY:IND) +0.03%. The market is now focused on the upcoming Tokyo inflation data, to be released on Friday, which will provide insights into nationwide price trends and potential impacts on interest rates.

China (SHCOMP) +3.03%. Traders welcomed the Chinese central bank’s surprise decision to lower the RRR by 50bps to 10%, injecting around CNY 1 trillion of cash into the banking system ahead of the Lunar New Year festival. This move sends a strong signal of support for the economy and the stock markets.


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