Asian Shares Near Nine-Month Peak, Dollar Shines
July 26, 2016
Asian shares held near nine-month highs on Monday as worries over the impact of Britain’s Brexit vote eased, while the dollar was buoyed by a run of solid U.S. economic data.
Policymakers from the Group of 20 countries agreed at the weekend to work to support global growth and better share the benefits of trade, in a weekend meeting dominated by the impact of Britain’s exit from Europe and fears of rising protectionism.
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, sitting 0.5 percent below its nine-month peak hit on Thursday.