Friday, 10 February 2017

Asia probe 18-month highs, cheered by Trump's tax cut talk

Ripples Advisory Private Limited, Indore @9303093093

Asian shares were close to 18-month highs on Friday, tracking a rally on Wall Street after US President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, testing its loftiest level since July 2015 touched a day earlier, and was on track to gain 1.1 for the week. 

Japan's Nikkei stock index surged 1.8 percent as it got a tailwind from a weaker yen, poised to added 1.8 percent for the week. Wall Street's three main indexes notched record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks, though he offered no details.

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