Asian stocks edge higher amid low risk appetite; oil firm

Asian stocks edge higher amid low risk appetite; oil firm
 

Asian stocks edged higher and the dollar consolidated recent gains on Tuesday though risk appetite was low as weak U.S. markets prompted investors to stay on the sidelines.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent in early trade. Australia's benchmark index was up 0.3 percent.
As campaigning for the U.S. presidential elections enters its home stretch and concerns about the Chinese economy deepen after weak trade data last week, risk aversion is broadly on the rise forcing investors to cut positions after a strong rally in risky... read more

 
18 October 2016 in Business, Views: 54
Source: Reuters
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