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Asian shares hold near 14-month peak on Fed relief, JGB yields fall

Japan's Nikkei dipped 0.1 per cent, reflecting the yen's gains during Japan's market holiday on Thursday

Reuters  |  Tokyo 

Asian shares held near 14-month highs on Friday on revived bets the Federal Reserve is settling into a phase of very gradual interest rate rises while Japanese bond yields fell after the Bank of Japan's new policy scheme. MSCI's broadest index of Asia-Pacific shares outside Japan was steady and within sight of its highest levels since July 2015 that it hit in early September. Japan's Nikkei dipped 0.1 per cent, reflecting the yen's gains during Japan's market holiday on Thursday. On Wall Street, the S&P 500 Index gained 0.65 per cent, led by a 1.9-per ...

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First Published: Fri, September 23 2016. 09:16 IST
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