Asian Equities Extend Gains

Asian shares nudged higher on Tuesday, tracking rallies in the United States and Europe as investors seemed to put aside geopolitical concerns, at least for the moment.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.3 percent after jumping 1.5 percent on Monday. Japan’s Topix .TOPX rose 0.5 percent, while the Nikkei .N225 firmed 0.3 percent.

Singapore’s Straits Times Index .FTSTI added 0.3 percent after the city-state reported annualised economic growth of 0.1 percent in the second quarter when analysts had expected a slight contraction. Strength in the financial sector helped offset sluggish manufacturing activity.

Reuters

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