Asian equities soar on upbeat regional views

Asian equities soar on upbeat regional views

On Tuesday, Asian equities rallied, with regional markets positive because earnings season gets closer and economic fundamentals are firm leading economies, Japan and China.

Japan's Nikkei 225 edged up 0.16%, the S&P/ASX 200 grew 0.79%.

As the RBA meeting minutes noted, household debt levels are still elevated and require being watched closely. The RBA didn’t change its record low 1.5% rate at the gathering.

The Shanghai Composite rallied 0.06%, the Hang Seng index grew 0.18%.

Overnight, American equities concluded higher because bullish optimism over third quarter profits kept pushing indices to record maximums.

As for the Dow Jones Industrial Average, this benchmark concluded higher at 22,956. Meanwhile, the S&P 500 ended 0.17% higher, the Nasdaq Composite hit 6624, jumping 0.28%.

Stocks of Financials, mostly banks, edged up, reacting to a rally in American treasury yields after Fed Chair Janet Yellen reaffirmed the bank’s commitment to lifting rates.



FTSE 100 keeps struggling for 3rd day

On Friday, British equities headed south, with bank equities keying off dips on Wall Street where concerns as for progress for tax cuts as well as other reforms ramped up, although the blue-chips market was still on course for a weekly soar…

Australian equities inch down

On Friday, Australian equities lost after the close because losses in the A-REITs, Financials as well as Utilities sectors suppressed stocks…


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