Asian stocks near 2-year high as virus treatment hopes lift mood | Malay Mail

📆 25/8/2563 14:49:00
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SINGAPORE, Aug 25 — Asia's stock markets opened higher today following a Wall Street rally driven by vaccine hopes, while the US dollar found some support ahead of a key central bank speech. Also supporting the mood were statements from both China and the United States saying top-level trade...

Japan's Nikkei opens 1 per cent higher. — Reuters pic

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent to its highest since early January and sits just a fraction below a two-year high. The US Food and Drug Administration's move was hailed by President Donald Trump. Shares of AstraZeneca also rose on a Financial Times report that the US government was considering fast-tracking its experimental vaccine.

In currency markets, the US dollar, which has been sensitive to sentiment in equity markets edged higher, defying pressure from a gain in stocks that often leads investors to sell US dollars for riskier currencies.

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