Asian stocks hits one-year high

Asian stocks hits one-year high

TOKYO: Asian stocks rose to one-year high on Wednesday as the services sector weak performance
reduced chances of an interest rate hike by Federal Reserve (Latest news Pakistan).

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, extending gains of
2.7 percent over the last two days, a level last seen in July last year.

Japan’s Nikkei slid 0.4 percent, however, as the yen gained sharply versus the dollar, putting more pressure on exporters in the world’s third-largest economy.


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