Asian shares remain at highs on stimulus hopes
Asian share markets remained at highs on Thursday. This came after investors’ sentiment was heavily affected by an increase seen recently, with the prospect of a stimulus package supporting the session after the Federal Reserve went dovish for its outlook, and inflation in the United States rendered a positive reading.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.1%, tallying another session of increase after it climbed over 10% so far this year. Japan’s Nikkei, on the other hand, toned down after hitting a 30-year peak on Wednesday. Australian shares jumped, with their head index securing an 11-month high.
Investors’ stimulus-driven optimism could be attributed to a surprisingly positive U.S. inflation. However, sessions were restricted as China, Japan, South Korea, and Taiwan closed their markets for a holiday.