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Asian Stocks Trim Weekly Gains as Dollar Firms

Global equities rebounded which spilled over in Asian trade while the dollar strengthened and bonds extended gains. The MSCI Asia Pacific Index trimmed its largest weekly rally in two months as Japanese shares declined after a holiday.

Benchmark bonds rallied in Japan, New Zealand and Australia. Sentiment of investors rose as the Bank of Japan assured its commitment to revive inflation during a policy review, while the central bank of New Zealand indicated further easing and Indonesia reduced interest rates for the fifth time in 2016. The MSCI Asia Pacific Index declined by 0.3 percent. Japan’s Topix index was down 0.3 percent and Australia’s S&P/ASX 200 Index climbed by 0.9 percent. The Hang Seng China Enterprise Index of mainland firms traded in Hong Kong rose by 0.4 percent. China’s 10-year yield declined to 2.73 percent as rates in Australia and New Zealand dropped to 2.01 percent and 2.42 percent, respectively.

Japan’s 30-year bonds increased, pulling the yield down by six basis points to 0.46 percent.
The material has been provided by InstaForex Company – www.instaforex.com

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Asian Stocks Trim Weekly Gains as Dollar Firms Reviewed by on . Global equities rebounded which spilled over in Asian trade while the dollar strengthened and bonds extended gains. The MSCI Asia Pacific Index trimmed its larg Global equities rebounded which spilled over in Asian trade while the dollar strengthened and bonds extended gains. The MSCI Asia Pacific Index trimmed its larg Rating:
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