A woman walks past a panel displaying the afternoon trading Hang Seng Index, after Beijing’s plans to impose national security legislation in Hong Kong, China May 22, 2020. ― Reuters pic
However, traders are turning their attention to the release of key US jobs data later in the day, expecting to see the highest unemployment rate in 90 years. Sydney edged 0.1 per cent higher, Mumbai gained 0.5 per cent and Taipei 0.8 per cent. Bangkok and Jakarta also rose, though there were losses in Wellington and Manila.Hopes remain high that the world economy is on the right track to recovery following mind-boggling stimulus and central bank help, while countries from Asia to Europe and the US ease out of restrictions.
Figures on Thursday showed 1.9 million more people applied for jobless claims last week, taking the total to more than 42 million because of the shutdowns.
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