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Relieved By Fed's Slow Creep, Asian Stocks Rise

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Asian shares edged closer to 14-month highs on Friday, but the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan was steady and within sight of its highest levels since July 2015 that it hit in early September.

Added on the 23/09/2016 06:32:54 - Copyright : Wochit

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