Asia joins global stocks rally, dollar buoyant before Jackson Hole

Asian stocks edged higher on Wednesday to extend a global rally spurred by gains for tech shares on Wall Street and miners in Europe, while the dollar was buoyant against the euro and yen ahead of a meeting of central bankers later in the week.

Financial markets have been buffeted in recent weeks by heightened tensions on the Korean peninsula, turmoil in the White House and growing doubts about President Donald Trump’s ability to fulfil his economic agenda.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent.

Japan’s Nikkei rose 0.8 percent, lifted as the dollar strengthened against the yen.

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Posted in: Indian Market Tips