Wednesday, 13 January 2016

Asia stocks eke out gains, wary on China

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 Asian shares crept off four-year lows on Wednesday as China's efforts to stabilize its currency brought a moment of calm to equity markets, even as oil marked a sorry new milestone under USD 30 a barrel. 

Japan's Nikkei bounced 1.8 percent from a near-one-year trough. Australian stocks eked out a 0.4 percent rise while South Korea put on 0.7 percent. 

Gains were guarded with MSCI's broadest index of Asia-Pacific shares outside Japan inching up 0.25 percent and away from its lowest since late 2011.

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