Tuesday 12 July 2016

Asian Shares Firm on Stimulus hopes, Wall Street Record

Asian stocks held firm around a 2-1/2-month peak on Tuesday, a day after US shares hit a record high thanks to a combination of upbeat US data and expectations of more stimulus around the world. 

MSCI's broadest index of Asia-Pacific shares outside Japan rose slightly to hit its highest level since late April in early trade. Japan's Nikkei jumped 2.4 percent. 

On Wall Street, the S&P 500 index on Monday broke the record high it held for more than a year, extending its gain after Friday's bumper job figures reduced worries about slowdown in employment. 

The benchmark closed at a record 2,137.16, overtaking the previous high of 2,130.82 hit on May 21, 2015.



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