Asian stocks hit 15-month peak

Asian stocks hit 15-month peak

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.

Similar

Indonesia equities rally at close of trade

On Friday, Indonesia shares rallied after the close because revenues in the Miscellaneous Industry, Infrastructure as well as Consumer Industry sectors brought stocks up…

Saudi Arabia equities leap at close of trade

On Thursday, Saudi Arabia stocks managed to grow after the close because revenues in the Building & Construction, Real Estate Development as well as Agriculture & Food sectors underpinned stocks…

European equities start lower with PMI in focus

On Thursday, European markets started lower because market participants paid attention to the publication of euro zone manufacturing as well as service sector activity data due later in the session…

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later