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Asian Shares edged up as Investors expect policy support from Washington

Syed Umarullah HussainiWeb Editor

02nd Sep, 2020. 10:12 am
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Asian Shares

Asian shares edged up on Wednesday with investors also expecting more policy support from Washington.

According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.25% while Japan’s Nikkei advanced 0.35%.

Mainland Chinese shares slipped a tad, with bellwether CSI300 index giving up 0.3% on investor caution after having hit a five-year high earlier this week.

S&P 500 and Nasdaq boasted record closing highs, with gains of 0.75% and 1.39% respectively, with the technology sector leading the charge.

On the other hand Investors in Asia await Australia’s gross domestic product data, which is expected to confirm the economy fell into its deepest slump since the Great Depression.

Australian equities, which have underperformed because of the strong local currency, also could be helped by the dollar’s latest rise.

Australian S&P/ASX 200 futures were up 0.39% in early trading.

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