Asian equities reach 10-year maximum

Asian equities reach 10-year maximum

On Tuesday, Asian stocks tacked on to their highest value in a decade,  while crude gave up some of its revenues, having previously leapt to a more than two-year maximum following an anti-corruption purge by Saudi Arabia's crown prince.

MSCI's index of Asia-Pacific equities MIAPJ0000PUS managed to extend early profits, soaring 0.8% to its loftiest high since November 2007. Apparently, the index received a pushed higher after all three key American indexes concluded at record peaks overnight.

Japan's Nikkei N225 suddenly reversed early dips and rallied 1.1% to almost 26-year maximums.

Australia's S&P/ASX 200 index inched up 0.8%, demonstrating the best outcome since February 2008, underpinned by firm commodities prices.

In Saudi Arabia Mohammed bin Salman's clampdown on graft generated a series of arrests of ministers and investors, royalty and even well-known billionaire investor Alwaleed bin Talal.

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