Tuesday, 3 January 2017

Asia stocks see subdued start to 2017, dollar resumes climb

Asian stocks began 2017 on a flat note on Tuesday, uninspired by a surge in European markets to their highest in more than a year, while the dollar resumed its climb after last week's stumble. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade as most regional markets reopened after the New Year holiday. It ended 2016 with a 3.7 percent gain, its best year in four. Australian shares, however, were off to a robust start, jumping almost 1 percent, while South Korea added 0.2 percent.

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