Asia shares perk up as receding inflation fears lift Wall Street – Reuters
- Date: 21-May-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Asia shares perk up as receding inflation fears lift Wall Street – Reuters
Asian stocks rose on Friday, setting the region up for a weekly gain, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
Japan's Nikkei (.N225) jumped 1%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.6%.
Taiwan's tech-heavy stock index climbed 1.8%, leading gains in the region, while Chinese blue chips (.CSI) added 0.3%.
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