Asian Stocks Rise After Global Gauge Hits New Peak: Markets Wrap
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Asian stocks climbed after gauges of US and global equities hit fresh records, with investor sentiment boosted by the Federal Reserve’s rate cut and its upbeat assessment of the US economy.MSCI Inc.’s index of Asian shares was up 0.9% on Friday, with all its sector sub-indexes advancing. Japan’s Topix led regional gains as shares of SoftBank Group Corp. jumped more than 6% after people with knowledge of the matter said it is studying potential acquisitions including data center operator Switch Inc.