Asia shares touch two-year top as China plans property boost


Source: livemint.com livemint.com

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SINGORE, - Asian shares started the week by rallying two-year highs on Monday, buoyed by China's strongest measures yet to address its property crisis and by expectations for global rate cuts within weeks, while the dollar steadied after a weekly drop. Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran's president drawing traders' attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce. Japan's Nikkei rose 0.9% in early trade. Hang Seng futures pointed to gains and MSCI's...