Asian stocks gained on Tuesday as equity investors prepared for an expected U.S....
Australian stocks climbed as much as 0.7% to touch a record high, supported by buoyant mining shares and adding to the previous day’s tech-driven gains.was up 0.7%, showing little reaction after the Bank of Japan left monetary policy unchanged as expected on Tuesday.
Prospective monetary easing by the Fed has been a key factor behind the recent bull run by global equities, particularly U.S. stocks, which have notched up record highs over the past month. Also drawing some attention were U.S.-China trade negotiations due to begin in Shanghai on Tuesday, although expectations for progress during the two-day meeting are low with the markets hoping the two sides can at least detail commitments for “goodwill” gestures.
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