Asian Equities at One Year High

Asian shares hit one-year high on Monday thanks to a strong session on Wall Street and a decisive win for billionaire Petro Poroshenko in Ukraine’s presidential election.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.15 percent while Japan’s Nikkei share average .N225 gained 0.7 percent to hit one-month high.

Investors took their cue from upbeat U.S. hosing data on Friday, with sales of new single-family homes rising more than expected in April and the number of houses on the market hitting a 3-1/2 year-high.

Reuters

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