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Asian stocks boosted by Fed’s relaxed tone

  • Regular
  • Asian Market
  • 6 months ago
  • 158

The Fed’s relaxed tone boosted Asian stocks, following a powerful rally in the U.S.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Australian stocks gained 0.8 percent and Japan’s Nikkei climbed 0.9 percent.

Although sentiment on risky assets was on the rise, the gains throughout he region were limited as the G20 summit approaches and investors are awaiting on what will the outcome be after Trump and Xi Jinping finally get to discuss the issues over trade relations.

 

 

 

Source: Smart Trend Team