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Japanese shares test 15-year highs, dollar in demand

Chinese shares at 7-year peaks, oil prices decline

Reuters  |  Sydney 

Japanese shares were probing 15-year peaks Wednesday as investors favoured Asian assets on expectations of more stimulus from countries such as China and Japan, as well as a delayed start to any tightening by the US Federal Reserve. The chase for yield in emerging markets overshadowed a flat finish for Wall Street, where a swing higher in the dollar was viewed as a threat to multinational corporations' profits. Oil prices also suffered a setback on data showing a jump in crude stockpiles. The Nikkei sprang 0.6% higher in early trade to 19,763, so challenging the recent triple ...

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First Published: Wed, April 08 2015. 05:51 IST