Asia stocks up as con­cerns of geopo­lit­i­cal risk ease

Mint ST - - MARK TO MARKET -

Asian equities ad­vanced on Wed­nes­day as fears of es­ca­lat­ing geopo­lit­i­cal risk eased fol­low­ing US Pres­i­dent Don­ald Trump’s tem­pered re­sponse to North Korea’s launch of a bal­lis­tic mis­sile across Ja­pan. More than two stocks rose for each share that de­clined on the MSCI Asia Pa­cific In­dex, which gained less than 0.2% to 160.47 as of 4.31pm in Hong Kong, fol­low­ing a 0.2% slide on Tues­day. Shares re­bounded in Ja­pan after the yen pulled back from a four-month high against the dol­lar. South Korea’s Kospi in­dex con­tin­ued its re­cov­ery from a drop of as much as 1.6% on Tues­day. MSCI’S Asia-pa­cific gauge has gained 19% so far this year amid strong cor­po­rate earn­ings and op­ti­mism US in­ter­est-rate hikes will re­main grad­ual. BLOOMBERG

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