Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-US trade dispute. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.22 per cent while Japan's Nikkei ticked up 0.05 per cent. On Wall Street, the S&P 500 rose 0.28 per cent to 2,858, which is just 14 points, or about 0.5 per cent, below its record high marked in January.
A strong second-quarter earnings season fulled optimism about US economic strength. S&P 500 firms saw a 23.5 per cent rise in their April-June profits, according to Thomson Reuters data. For More Information Please Visit : www.dollaradvisory.com and Call : 9111179961
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