TOKYO (Reuters) – Asian shares vaulted to six-month highs on Tuesday, surpassing their July peaks, as hopes that Washington may roll back some of the tariffs it has imposed on imports from China shored up optimism on the global economic outlook.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.5% to reach levels last seen in early May, led by gains in Chinese shares.
The CSI300 of mainland Chinese shares .CSI300 jumped 1.3% to move above double-tops marked in the past two months to hit their highest levels since late April, also helped by the People’s Bank of China cutting a medium-term lending rate.
Taiwanese shares .TWII gained 0.4% to near three-decade highs while Japan’s Nikkei .N225 rose 1.34% to a one-year peak after a market holiday on Monday
The bright mood in Asia is seen extending into the European morning, with pan-European Euro Stoxx 50 futures STXEc1 up 0.3%, German DAX futures FDXc1 0.21% higher, and FTSE futures FFIc1 gaining…
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