Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Asian shares near 1-1/2 week highs, Bitcoin recoups losses

Added 04-18-21 09:04:02pm EST - “Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.…” - News.yahoo.com

CLICK TO SHARE

Posted By TheNewsCommenter: From News.yahoo.com: “Asian shares near 1-1/2 week highs, Bitcoin recoups losses”. Below is an excerpt from the article.

SYDNEY (Reuters) - Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.

MSCI's broadest index of Asia-Pacific shares outside Japan was last at 695.59, within striking distance of Friday's high of 696.48 - a level not seen since Apr. 7.

The index jumped 1.2% last week and is up 5% so far this year, on track for its third straight yearly gain.

"The extremely supportive monetary and fiscal policy setting continues to provide a fertile environment for risk assets," said Rodrigo Catril, senior forex strategist at National Australia Bank.

Australian shares were 0.25% higher while New Zealand's benchmark index and South Korea's KOSPI added 0.4% each. Japan's Nikkei eased 0.4%.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE