Upbeat investors boost Asian markets as Chinese stocks climb
Gain in blue chips and Hong Kong’s Hang Seng index support MSCI’s broadest index of Asia-Pacific shares outside Japan
12 October 2020 - 07:19
Singapore — Chinese stocks led Asian markets higher on Monday as investors bet on a steady recovery for the world’s second-largest economy, though caution about the fate of US stimulus kept the dollar firm and a central bank policy tweak unwound some of the yuan’s gains.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8% to 2½-year highs, buoyed by a 2% gain in Chinese blue chips and a 1.5% rise by Hong Kong’s Hang Seng index. Japan’s Nikkei slipped 0.3% as investors fretted about corporate earnings...
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