Asia stocks edge up as Wall St extends comeback rally - Business News - News Summed Up

Asia stocks edge up as Wall St extends comeback rally - Business News


TOKYO: Asia stocks inched higher on Friday after Wall Street ended volatile trade in the green, adding to the massive gains of the previous session although lingering investor jitters helped support safe-haven currencies such as the yen.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15 percent. It has fallen almost 4 percent so far in December.Australian stocks added 0.5 percent and South Korea's KOSPI climbed 0.65 percent. Japan's Nikkei bucked the trend and slipped 0.25 percent.U.S. It was on track to lose more than 2 percent this month.The greenback was little changed at 0.9862 francs per dollar after slumping more than 0.8 percent the previous day. The U.S. currency has fallen 1.1 percent against its Swiss peer on the month.The euro was flat at $1.1432 after gaining 0.7 percent overnight.


Source: The Star December 28, 2018 00:33 UTC



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