Asian Equities Edge Higher

Asian share markets edged cautiously higher on Monday while the dollar stayed under pressure ahead of packed week of economic data that will test investor hopes for a pick-up in the U.S. and global economies.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.24 percent. It gained 0.9 percent last week to be just under multi-month highs, aided by the prospect that interest rates in the major economies will remain near zero for many months to come.

Most markets across the region were up modestly with Seoul adding 0.4 percent and Shanghai 0.5 percent. However, Tokyo stocks slipped 0.2 percent as the dollar lost some more ground to a broadly firmer yen.

Reuters

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