Asia stocks up as Donald Trump's dollar comment boosts exporters - News Summed Up

Asia stocks up as Donald Trump's dollar comment boosts exporters


Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after US President-elect Donald Trump expressed concerns over a stronger dollar. In Asia, MSCI's ex-Japan Asia-Pacific shares index rose 0.3%, just shy of a three-month high hit last Thursday. Stock markets in Hong Kong and China led the gains. In early deals, Hong Kong stocks poked above a key resistance level around 23,000 which if successfully breached would position the market for further gains, according to analysts. With doubts growing about the sustainability of the "Trump trade" - higher stocks and stronger dollar - safe-haven assets glittered.


Source: dna January 18, 2017 03:26 UTC



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