MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7%, led by rebounds in Australian and Hong Kong shares. More to the point, his stimulus plan comes as the global economy is picking up momentum. The S&P financial index soared 2.84% after a few key Federal Reserve officials including New York Fed President William Dudley and San Francisco Fed President John Williams, hinted at an interest rate hike this month. The 10-year yield rose to 2.462%, still below its two-year peak of 2.641% marked in December. In the currency market, the US dollar benefited from rising expectations of a Fed rate hike.

Source: The Edge Markets March 02, 2017 02:48 UTC