Asia Shares rise as yield hunt drives Record Flows

Asian shares stood atop one-year peaks on Tuesday as a desperate search for yield drove a record inflow into emerging market funds, while oil prices tried to sustain their latest bounce. Analysts at Bank of America Merrill Lynch noted the search for yield had led to the largest 5-week inflow on record to emerging market debt funds and the longest inflow streak to equity funds in two years. 

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.1 percent having already risen for three sessions in a row.Get live Indian Stock Market News Updates visit us : http://www.ripplesadvisory.com/aboutus.php or Get Two Days Free Trial just on One Missed Call @98-27-80-80-90

 

Japan's Nikkei was also attempting a fourth session of gains with an early rise of 0.1 percent, while South Korea firmed 0.2 percent. The major data release in Asia will be Chinese inflation due around 0130 GMT. 

 

Forecasts are for a slight tick down to 1.8 percent in July, a benign result that would confirm there was plenty of scope for further policy easing. Figures out on Monday showed Chinese trade flows disappointed in July as it suffered from slack demand both at home and abroad.