Monday 16 April 2018

Asia stocks edge up on easing Syria tensions; focus on earnings, China GDP

China offers a financial industry exam in English, first test on May 4

Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China amid signs Western-led strikes on Syria weren't likely to escalate.

The dollar pulled back along with safe-haven U.S. Treasuries as investor risk appetite improved in the broader markets.

The near-term focal point was on China's gross domestic product data due at 0200 GMT.

The world's second biggest economy was expected to have carried most of its strong momentum from last year into the first quarter of 2018, after growing 6.8 percent in the fourth quarter.

While Saturday's missile strikes were the biggest intervention by Western countries against Syria, investor risk appetite in the broader markets improved on speculation that the attacks would not lead to prolonged conflict.

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