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On Tuesday, Asian shares reached 15-month peaks, while the greenback and American bond yields turned to be on the back foot on the prospect of a less-hawkish Fed policy trajectory.
MSCI's broadest index of Asia-Pacific stocks outside Japan added 0.4% to 15-month peaks, with tech-heavy Seoul and Taipei stocks, reaching two-year peaks, while Hong Kong's Hang Seng reached 1 1/2-year peaks.
Aside from that, Japan's Nikkei N225 sank 0.3%, suppressed by financial stocks that were hurt by lower American yields as well as exporter stocks, which dropped on the yen's revenues against the greenback.
While Asian stocks have been backed by signs of strong global economic growth, worries about protectionism cast a shadow after financial leaders of the world's leading economies promised to keep global trade free and open, thus dropping a hint at surging protectionism in the United States.
Wall Street stocks declined as market participants worried that President Donald Trump's plan to reduce taxes and bolster the US economy could take longer than expected.
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On Wednesday, European equities surged due to the fact that Italian financial institutions rebounded on expectations that Rome could come to a compromise with Brussels over its budget plans…
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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