Asian stocks rose, with the regional benchmark gauge heading for a three-day advance, as consumer and industrial shares climbed as Japanese stocks rallied after a holiday.
The MSCI Asia Pacific Index (MXAP) added 0.1 percent to 140.62 as of 9:03 a.m. in Tokyo. Japan’s Topix (TPX) index climbed 0.7 percent after the yen dropped 0.4 percent versus the dollar yesterday.
“More monetary policy easing in China and Europe are helping the market,” said Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, which oversees about $150 billion. “Government policy actions are going to be supportive for risk assets like equities.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015