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Asian shares hit 3-and-a-half-week high on US-China trade optimism(Update)


  • Markets
  • Wednesday, 9 Jan 2019

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.5 percent to its highest level since Dec. 14.  Japan's Nikkei rose 1.3 percent, while China's benchmark Shanghai Composite and the blue-chip CSI 300  rebounded 1.5 percent and 1.8 percent, respectively.  U.S. stock futures also firmed.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.5 percent to its highest level since Dec. 14. Japan's Nikkei rose 1.3 percent, while China's benchmark Shanghai Composite and the blue-chip CSI 300 rebounded 1.5 percent and 1.8 percent, respectively. U.S. stock futures also firmed.

TOKYO: Asian shares climbed to a 3-1/2-week high on Wednesday, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.

MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> climbed 1.5 percent to its highest level since Dec. 14.

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