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Friday, August 19, 2016

Asia rides Wall St higher, buoyant crude nears six-week highs

Epic Research Update : Asian Markets

Asian stocks edged up on Friday as Wall Street benefited from buoyant crude oil prices and expectations US borrowing costs will remain at stimulatory levels at least until year-end.

Japan’s Nikkei added 0.5 percent and South Korea’s Kospi tacked on 0.2 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan stood steady. The index was on track to rise 0.25 percent on the week, during which it reached a 1-year high.

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