KONTAN.CO.ID - May 7 (Reuters) - Asian markets are rising on the back of a subdued dollar, lower U.S. bond yields and looser financial conditions that the more benign outlook for U.S. interest rates lately has delivered, and Tuesday looks like being another positive day for risk assets. Buying momentum should be strong after another day of solid gains on Wall Street, and the bullishness across local markets is palpable - China opened strongly after last week's holiday, volatility in Japan's currency markets has subsided, and Hong Kong stocks are on their best run in six years. The Hang Seng has now been up 10 days on the trot, gaining a remarkable 15% in the process. It is probably due for a down day but who knows - maybe it has enough juice to test the record 14 consecutive days in the green from January 2018.
MORNING BID ASIA - Reserve Bank of Australia (RBA) Up Next, Hang Seng Eyes 11th Rise
KONTAN.CO.ID - May 7 (Reuters) - Asian markets are rising on the back of a subdued dollar, lower U.S. bond yields and looser financial conditions that the more benign outlook for U.S. interest rates lately has delivered, and Tuesday looks like being another positive day for risk assets. Buying momentum should be strong after another day of solid gains on Wall Street, and the bullishness across local markets is palpable - China opened strongly after last week's holiday, volatility in Japan's currency markets has subsided, and Hong Kong stocks are on their best run in six years. The Hang Seng has now been up 10 days on the trot, gaining a remarkable 15% in the process. It is probably due for a down day but who knows - maybe it has enough juice to test the record 14 consecutive days in the green from January 2018.