Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the Australian dollar spiked on stronger-than-expected inflation data.
Violence continued in Gaza, but hopes rose for an easing of tension in Ukraine after pro-Russian rebels handed the flight recorders and victims’ remains from a downed Malaysian airliner to international authorities.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 percent, lifted after the S&P 500 hit a new high overnight as risk markets turned their attention to positive corporate earnings and economic data.
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