• MTS Futures News_PM_20160301

    1 Mar 2016 | SET News
  

The MSCI Asia Pacific Index rose 0.8 percent as of 7:08 a.m. London time, headed for its biggest gain in a week. Benchmarks in Hong Kong, Australia and Taiwan all rallied 0.9 percent. The Shanghai Composite Index gained 1.7percent, trimming its loss for the year to 23 percent.

Hong Kong shares finished up on Tuesday, tracking China shares that finally rallied in late afternoon following an easing move by the central bank.

The Hang Seng index rose 1.6 percent, to 19,407.46, while the China Enterprises Index gained 1.9 percent, to 8,068.29 points.

Japanese stocks edged up on Tuesday, erasing earlier losses as risk appetite improved following a rebound on China's benchmark Shanghai Composite Index after Beijing's latest easing steps.

The Nikkei share average ended 0.4 percent higher at 16,085.51 after recovering from a 1.1 percent decline earlier in the session.

Sentiment remained fragile due to the relative strength of the yen, while a survey showing weak manufacturing activity in China underlined global anxiety over the world's second-largest economy.

Reference: Reuters, Bloomberg

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