Asian share markets were seen recording a one-month high on Thursday.
Asian share markets had seen a one-month high on Thursday. This followed after investors’ sentiment grew on encouraging reports about stimulus in the United States, with markets now pricing in a Democratic victory for the upcoming presidential election in November.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.3%. The index had tallied its fourth consecutive month of earnings to a level last monitored in September. Meanwhile, Australia’s benchmark index S&P/ASX 200 recorded a 1.1% gain, hitting a one-month peak backed by a larger-than-expected fiscal stimulus.
Shares in New Zealand jumped after the country’s central bank weighed the implementation of negative interest rates and funding-for-lending schemes. Moreover, Japan’s benchmark index Nikkei was 0.5%
Risk assets advanced as central banks and governments from across the world injected continuous fiscal stimulus for virus-beaten economies.