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Stock impact report

Asian stocks rise even as weak China data casts gloom [Financial Post (Toronto, Ontario, Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Financial Post
Philippine stocks closed 1.9% higher to record their best session in two months. That follows five straight sessions of losses and a 5.6% decline last week. Data released last Thursday showed the Philippine economy grew at a better-than-expected 8.3% in the first quarter, increasing the likelihood of a rate hike to tackle inflation as early as the next central bank meeting on May 19. Shares in India, which rose more than 1% in early trade, pared gains to be up 0.3% after five consecutive weeks of losses. Taiwanese stocks advanced 0.4%. Equity and currency markets in Thailand, Malaysia and Indonesia were closed for holidays. Singapore’s stock market was also closed. The Indian rupee did not trade for the day. Economic activity in China cooled sharply in April as extensive lockdowns took a heavy toll, adding to fears the economy could shrink in the second quarter. China’s April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output fell 2.9 Show less Read more
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