Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic ...
Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.
MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05per cent, having hit its highest since February.Eyes were on Chinese blue chips, which surged almost 7per cent last week to their loftiest level in five years. Japan's Nikkei, however, has lagged with its domestic economy and was last up 0.4per cent.
Analysts estimate that reopenings impacting 40per cent of the U.S. population have now been wound back. Two U.S. aircraft carriers conducted exercises in the disputed South China Sea on Saturday, the U.S. navy said, as China also carried out military drills that have been criticised by the Pentagon and neighbouring states.
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