Asian equities reach decade-maximum on global equity leap

Asian equities reach decade-maximum on global equity leap

On Thursday, Asian stocks approached a decade maximum, riding the bull run in equity markets worldwide. Meanwhile, the evergreen buck tumbled after the Fed demonstrated rather a guarded view towards inflation.

MSCI's index of Asia-Pacific equities rallied to its highest value since December 2007. Last the benchmark acquired 0.2%.

As for Japan's Nikkei, it gained 0.5% having brushed 20,980.92, its highest outcome since December 1996. Meanwhile, South Korea's KOSPI inched up 0.2%, thus marking a fresh record maximum. Additionally, Hong Kong's Hang Seng managed to scale a decade-peak before slumping 0.05%.

This week broader investor risk sentiment has risen after Catalonia dialed back its ambitious plans to break up with Spain. As a result, MSCI's 47-country world stocks index demonstrated a record maximum.

The common currency gained 0.1% hitting $1.1869, showing its highest value since September 25.

 

 

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The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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