Asia stocks near decade-high on global equity surge, dollar sags

Asian stocks were near a decade high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a guarded view towards inflation.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent and is within a hair of the decade high touched in the previous session.

Japan’s Nikkei was up 0.4 percent after brushing 20,980.92, its highest since December 1996. South Korea’s KOSPI added 0.1 percent to mark a fresh record high.

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Posted in: Indian Market Tips