Global Stocks and U.S. Futures Strengthen Despite China GDP Plunge

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Global Stocks and U.S. Futures Strengthen Despite China GDP Plunge
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Markets power ahead even as statistics showed China’s economy contracted 6.8% from a year earlier in the first quarter

In early-morning trading in Hong Kong, E-mini S&P 500 futures gained nearly 3%. Australia’s S&P/ASX 200, Japan’s Nikkei 225 and South Korea’s Kospi rose by about 2% to 3% each, and the Shanghai Composite Index added 0.

8% while Hong Kong’s Hang Seng Index advanced 2.6%.
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