Wednesday, 23 March 2016

Asian Shares consolidate gains as Risk appetite Holds


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Asian shares consolidated their gains on Wednesday, shaking off earlier losses following attacks on the airport and a rush-hour metro train in Brussels as investors look to a brightening global economic picture.

 MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent but clung near 3 1/2-month high hit earlier this week while Japan's Nikkei inched up 0.1 percent. Wall Street shares were mixed on Tuesday. 

The S&P 500 lost 0.09 percent while the Nasdaq Composite added 0.27 percent.

 But emerging markets fared better, with MSCI's emerging market index rising 0.2 percent to four-month high, having gained more than 20 percent from its seven-year trough high in January.

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