South Korea surges almost 3%; China reports first-quarter GDP drop on coronavirus impact [CNBC]
Gilead Sciences, Inc. (GILD)
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Source: CNBC
Stocks in Asia rose in Friday afternoon trade as investors shrugged off an official data release that showed China's economy shrinking by 6.8% in the first quarter. South Korea's Kospi led gains among the region's major markets as it surged 2.82% while the Kosdaq index added 0.81%. In Japan, the Nikkei 225 jumped 2.43% in afternoon trade as shares of index heavyweights Fast Retailing and Softbank Group surged more than 5% each. The Topix index also gained 1%. Hong Kong's Hang Seng index jumped 2.31%. Mainland Chinese stocks edged higher in morning trade, with the Shanghai composite up 0.89% while the Shenzhen composite added 1.118%. Meanwhile, shares in Australia advanced, with the S&P/ASX 200 gaining 1.78%. Overall, the MSCI Asia ex-Japan index rose 2.41%. China's first-quarter GDP shrank 6.8% in 2020 as compared to a year ago, according to data from the National Bureau of Statistics of China. That was the first quarterly decline since 1992, when official quarterly GDP reports starte
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GILD
Earnings
- 10/30/25 - Beat
GILD
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- 12/1/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 4
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