Asian stocks tick up as investors weigh recession risks

SINGAPORE/TOKYO: Asian stocks managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes, while the euro traded at a two-year low and oil began to claw back overnight losses.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up from a two-month low and had risen 1.02% by the afternoon. Japan's Nikkei closed up 1.47%.