Asia stocks bounce, dollar dips on Fed hike doubts

Asia stocks bounce, dollar dips on Fed hike doubts Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike rates as soon as September undermined the dollar, while investors continued to count on more policy stimulus elsewhere in the world.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.4 percent, recouping around half of Monday’s loss. Stocks in South Korea .KS11 and Australia both rose around 0.6 percent.

Japan’s Nikkei dipped 0.1 percent as the yen turned around and starting nudging higher once more.

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Posted in: Indian Market Tips