Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its highest point since June 15, 2018 in early trade, but later pared gains. The index had finished at its highest close in more than 18 months on Thursday, lifted by a New Year’s Day announcement from China’s central bank that it would cut the amount of cash that banks must hold as reserves, releasing release …read more
Source:: Yahoo Finance
