SINGAPORE (March 7): Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump's ability to focus on economic policies. Oil prices were mixed amid fears growing U.S. production will offset OPEC cuts. MSCI's broadest index of Asia-Pacific shares outside Japan rose almost 0.5%, after pulling back slightly in early trade. "The reversal in Asian shares was a little bit surprising," said James Woods, global investment analyst at Rivkin in Sydney. He attributed the changed course partly to views that Trump is now "making progress on his promises," citing progress toward repealing Obamacare.

Source: The Edge Markets March 07, 2017 04:41 UTC