Asia stocks edge higher, dollar in the doldrums – Reuters.com
- Date: 30-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Asia stocks edge higher, dollar in the doldrums – Reuters.com
SYDNEY, May 30 (Reuters) - Asian stocks followed Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July.
Helping to mellow the mood was news that Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, easing a city-wide lockdown that began two months ago. read more
The Memorial Day holiday in the United States could make for a thin session ahead of the end of the month and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3% to a three-week high.
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