Asian shares at two-month high ahead of Trump news conferenceAsian shares stood near two-month highs on Wednesday as investors looked to President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. While his plan for tax cuts and infrastructure spending has boosted U.S. shares and the dollar, his protectionist statements have kept many investors on guard. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed in early Wednesday trade. It stood at its two-month highs, essentially coming back to where it was just before the U.S. election after recovering from their losses of over five percent. The Mexican peso MXN= is taking the brunt of such concerns, hitting a record low on Tuesday.
Source: VietNamNet News January 11, 2017 04:46 UTC