A look at the day ahead in Asian markets from Jamie McGeever.Asian stocks are on track for a third weekly decline, their worst run since October, but two corporate earnings reports from China on Friday could give investors an idea about the scale of the recovery in the region's largest economy this year.
Asian stocks are on track for a third weekly decline, their worst run since October, but two corporate earnings reports from China on Friday could give investors an idea about the scale of the recovery in the region's largest economy this year.
Lenovo Group, the world's largest maker of personal computers, and gaming firm Sands China release their latest results on Friday, with investors keen to hear positive guidance now that the country is opening up from its zero-COVID lockdown. Lenovo will be hoping for a rebound following its 4 per cent revenue decline in the July-September period, its first fall in 10 quarters.
The latest economic indications from China are also encouraging. New bank loans jumped more than expected to a record 4.9 trillion yuan in January. Seasonal factors are at play, but the quantity of new loans still more than tripled from December.
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