Asia stocks rise as relief rally builds after UK U-turn

Business Oct, 19 2022

SINGAPORE: Asia stocks nudged higher as dramatic U-turn in British fiscal policy brightened investor sentiment, while dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.43 percent, while Japan’s Nikkei was up 0.6 percent. S&P 500 futures and Nasdaq futures were both up 0.8 percent. China’s stock market opened nearly flat and edged up 0.12 percent to 3,088.54 as Chinese ruling Communist Party’s twice-a-decade congress remains in session this week.

Published in The Daily National Courier, October, 19 2022

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Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.