Monday 26 December 2011

Asian stocks rise as US economic hopes improve sentiment

TOKYO: Asian shares and the euro inched up on Monday as signs of US economic recovery underpinned sentiment, although trading was expected to be subdued with many markets closed for extended Christmas holidays.

MSCI's broadest index of Asia Pacific shares outside Japan was up 0.1 percent to a two-week high, while Tokyo's Nikkei stock average opened up 1.3 percent. Japanese financial markets were closed on Friday for a holiday.
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