Asian equities rally as American government shutdown is over

Asian equities rally as American government shutdown is over

On Tuesday, Asian equities managed to soar right after American senators struck a deal to have a three-day government shutdown resolved, thus sending Wall Street's key indexes to record maximums, while the evergreen buck slumped versus the Japanese yen after the BOJ kept policy intact.

On Monday, American lawmakers managed to approve a short-term measure to finance the federal government at least untill February 8.

MSCI's index of Asia-Pacific equities rallied 0.7% demonstrating a new record maximum.

Australian equities ascended 0.7%, South Korea's KOSPI gained 1%. As for Japan's Nikkei N225, it tacked on 1.1%.

The brief American government shutdown put only a slight dent to stocks, with Wall Street soaring to record maximums overnight following the deal to cope with the long-lasting impasse in the US capital.

Additionally, the evergreen buck dived 0.33% hitting 110.550 yen.

 

 

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