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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