Asian shares gain as Wall Street hits record, Catalan fears ease
Asian shares rose on Wednesday, tracking Wall Street's rally
to all-time highs, while the euro hovered near a 10-day peak after Catalonia's
leader talked down immediate plans to secede from Spain, easing near-term
concerns about euro zone instability.
MSCI's broadest index of Asia-Pacific shares outside Japan nudged 0.24 per cent
higher to test a recent decade peak of 545.56.
Australian stocks jumped 0.6 per cent to one-month highs and New Zealand's
index climbed to a record. South Korea's KOSPI added 0.3 per cent to a 2-1/2
month peak.
Sentiment was boosted after the International Monetary Fund upgraded its global
economic growth forecast for 2017 and 2018, driven by a pickup in trade,
investment, and consumer confidence.
The three major Wall Street indices scaled record highs
again, with Dow up 0.3 per cent, the S&P 500 adding 0.2 per cent and the
Nasdaq inching 0.1 per cent higher.
Japan's Nikkei was a touch softer at 20,807.39.
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