Asian shares jumped to an 18-month high on Friday while gold and oil prices stay...
SYDNEY - Asian shares jumped to an 18-month high on Friday while gold and oil prices stayed buoyant in a holiday-shortened week, as investor optimism was boosted by hopes a U.S.-China trade deal would soon be signed.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 0.55% to 555.25, a level not seen since mid-2018. It is up about 16% so far this year.was flat, but on track for a near 20% rise this year, biggest annual increase since 2013. The worries scuttled capital expenditure plans over much of 2019, but strong employment and signs of an improving global economy suggest that will change next year.
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