FAST FIVE: China Stocks Surge, S&P Futs Hit All Time High On Latest Chinese Monetary Stimulus
Stocks dipped in Seoul and Sydney, while Japan's Topix Index dropped after data showed the country's GDP cratered shrank the most in five years in the last quarter.
Hurt by a sales-tax hike, Japan's gross domestic product shrank at an annualized pace of 6.3% from the previous quarter in the three months through December, the worst slide in more than five years.
Continued policy support, both fiscal and monetary, will be required in China to mitigate downside risks from the coronavirus outbreak and promote a self-sustaining trajectory for growth.
Although the buoyant sentiment across mainland markets has softened the blow.
Allowing equities to diverge further from economic fundamentals.