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Asian shares edge higher as oil price rallies

Discussion in 'Market News' started by Lily, Jan 25, 2016.

  1. Lily

    Lily Forum Member

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    Japan’s Nikkei and the Shanghai Composite Index nudge up nearly 1% helped by expectations central banks will ease monetary policy

    Shares in Chinese and other Asian markets began the week on a firmer note, extending gains from Friday after a rally in battered oil prices prompted a rise in global equities.

    Other stock markets in Asia also rose on Monday, with Japan’s Nikkei nudging 1% higher and MSCI’s broadest index of Asia-Pacific shares outside Japan up 1.6%, helped by expectations that global central banks, including the People’s Bank of China, will ease monetary policy further if needed.

    Related: Asian stock markets rebound on hopes of more stimulus - business live

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