Tokyo — Asian stocks rose on Thursday as bruised investor sentiment got some relief from another robust Wall Street session, while the pound rallied on a report Britain has secured a deal that would give its financial services firms continued access to European markets after Brexit. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9%, adding to modest gains the previous day, though this came after a brutal October. The index had fallen 10.2% in October, its worst monthly performance since August 2015, as factors ranging from China-US trade tensions to worries about global economic growth, higher US interest rates and company earnings spurred volatility in global markets. There were tentative signs of the gloom slowly beginning to lift, led by a rebound in beaten-down US shares. Wall Street rose for a second day on Wednesday as strong company results and bargain hunting of beaten-down technology and internet favourites lifted spirits. The improved mood filtered down ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now