Asia stocks gain as Fed hike bets recede, debt vote eases nerves

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TOKYO : Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House.The dollar sagged to a one-week low versus the yen and hung close to Wednesday's more-than-two-month trough to the euro af

TOKYO : Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House.

Japan's Nikkei added 0.29 per cent, while Hong Kong's Hang Seng gained 0.5 per cent and mainland Chinese blue chips advanced 0.53 per cent. ""What this does is it turns the attention to the incoming data and the Fed meeting this month," Attrill added. The dollar was little changed at 139.435 yen after slipping to the lowest since May 25 at 138.96 earlier in the session.

 

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