Asia stocks up after tax reform optimism lifts Wall Street, dollar buoyant

Asian stocks rose on Friday after optimism over US tax reform plans lifted Wall Street shares to new highs, while the dollar hovered near a seven-week peak following additional indications of solid economic growth.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, poised for a 1.4 percent gain on the week.

Japan’s Nikkei climbed 0.3 percent, Australian stocks rose 0.7 percent and South Korea’s KOSPI advanced 0.9 percent.

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Posted in: Indian Market Tips