Equity markets in Asia closed on a positive note amid the euphoria generated by China's surprise announcement of a 50-basis point cut in the reserve requirement for banks. The resultant liquidity infusion into the economy is seen supporting a fragile recovery.
China's Shanghai Composite Index surged 3.0 percent to finish trading at 2,906.11. The day's trading ranged between 2,906.79 and 2,821.71. The Shenzhen Component Index also jumped 2 percent to close at 8,856.22.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.