Friday 18 March 2016

Stock updates: Asian market indices & overview for 18 mar, 2016

In the meantime, Asian shares edged high, crude oil reached a 2016 high and the dollar of US weakened as investors turned more positive on riskier assets.

MSCI's broadest index of Asia-Pacific shares outside Japan went high by 0.7 percent, entering positive territory for the year for the first time. At presently, It's up 2.3 per-cent  and has surged 10.3 per-cent current month.

Shanghai Composite index of china & CSI 300 rose by 1.6 per-cent each, and were set for gains of more than 6 per-cent for the week. The Hang Seng index was up 0.5 per-cent, heading for a weekly rise of 3.6 percent.

Japanese shares, however, bucked the trend as the dollar's fall down against the yen is seen hurting the country's exporters, with the Nikkei widening losses upto 1.3 per-cent. That puts it on track for a decline of 1.3 percent for the week.

The broader gains echoed a rebound on Wall Street, where the S&P 500 Index gained 0.66 per-cent overnight to end at its highest since Dec 31, led by the materials & energy sectors.

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