Asian markets open higher

Dhaka,  Thu,  24 August 2017
Published : 19 Jun 2017, 09:28:10 | Updated : 19 Jun 2017, 09:33:01

Asian stocks start the week modestly higher

FE Online Desk
Stock markets in Asia began the week modestly higher on Monday after Wall Street offered little guidance, according to Reuters.

The markets also took cue from the steady sterling and the euro before the start of talks over the terms of Britain's exit from the European Union.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent in early trading. Japan's Nikkei-N225 rose 0.6 per cent while Australian shares and South Korea's KOSPI both jumped 0.5 per cent.

"Investors in the Asia-Pacific region face a mixed and modest outlook to begin the trading week," Michael McCarthy, chief market strategist at CMC Markets in Sydney, wrote in a note.

"European and US share markets finished with gains for the day and week, but lower commodity prices and a weakening USD may weigh on markets in early trading."
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