Asian shares nudge higher on stimulus hopes, recession fears ease


MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.04%, while Japan's Nikkei jumped 0.47%. The improved mood was helped by a rally on Wall Street overnight, with the S&P 500 gaining 1.21%

TOKYO: Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.

MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.04%, while Japan's Nikkei jumped 0.47%. The improved mood was helped by a rally on Wall Street overnight, with the S&P 500 gaining 1.21%

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