Thursday, 5 January 2017

Asian stocks edge higher on Wall Street cues

Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting suggested a less hawkish stance from policymakers. Oil prices rose on expectations of drops in US inventories. MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.2 percent, on track for a eighth consecutive session of gains. Early Asian markets such as Australia rose 0.4 percent.

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