Asian shares gain on accommodative rates

Asian shares gain on accommodative rates

Asian share markets placed near a 1-1/2 year peak on Monday, with investors’ sentiment greatly fueled by expectations that monetary policies across the globe will remain accommodative. More so, vaccine rollouts partly mitigated coronavirus-driven fears.  

MSCI’s broadest index of Asia-Pacific shares outside Japan was last seen at 695.59, placing just below its 696.48 record on Friday. The index traded 1.2% higher last week to record a 5% increase so far this year.

Australian shares gained 0.25%, while New Zealand’s benchmark index and South Korea’s KOSPI both advanced 0.4%. Japan’s Nikkei dwindled 0.4%.

Investors are waiting for IBM and Coca-Cola’s earnings report later on Monday, while Netflix will follow suit on Tuesday. Come Thursday, the European Central bank will then meet without any plan to change its existing monetary policy.

Risk disclaimer "TS Software Ltd – Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of TS Software Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or TS Software Ltd." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?