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Asia stocks advance toward historic highs, U.S. earnings test

Reuters  |  SYDNEY 

By Wayne ColeSYDNEY (Reuters) - Asian shares crept toward all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent having climbed 3.1 percent last week, its strongest performance in six months.At 588.07 the index is within spitting distance of the record top of 591.50 hit in November 2007.The Philippines is already at a record, while Australian stocks eked out another decade top. Japan's ...

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First Published: Mon, January 08 2018. 08:13 IST