Asia markets rally resumes on hopes of fresh stimulusHONG KONG -- Asian markets mostly rose Thursday following a fresh Wall Street record as traders are pumped up by strong corporate results and expectations of fresh stimulus. Shanghai climbed 0.4 percent, Sydney added 0.4 percent and Wellington added 0.6 percent. "If equity markets can't rally in this environment they never will and really the key concern holding back fresh capital is significantly elevated valuations." Other stock markets followed suit, with Hong Kong rising 0.5 percent to end above 22,000 for the first time since December 24. The likelihood of more yen flooding financial markets sent the currency tumbling, which in turn boosted stocks, particularly exporters who benefit from a weaker unit.

Source: The China Post July 21, 2016 16:30 UTC