Asia shares at 4-month peak, stimulus trumps coronavirus fears


Source: deccanherald.com deccanherald.com

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Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05 percent, having hit its highest since February. Eyes were on Chinese blue chips, which surged almost 7 percent last week to their loftiest level in five years. Japan's Nikkei, however, has lagged with its domestic economy and was last up 0.4 percent. E-Mini futures for the S&P 500 firmed 0.3 percent. Most markets had gained...