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GLOBAL MARKETS-Asian shares make tepid recovery on tech rally and stimulus hopes
Asian shares rose on Friday after robust U.S. housing data supported a late tech-driven rally on Wall Street, with investors picking up the pieces a day after a broad regional index posted its biggest daily loss in more than three months. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.4% higher, after slumping 2.15% a day earlier, its biggest daily drop since June 11. Investors have also been uncertain about Washington's ability to pass a stimulus package after Fed officials indicated they expected more fiscal support.
https://finance.yahoo.com/news/global-markets-asian-shares-tepid-062903179.html?.tsrc=rss
Asian shares rose on Friday after robust U.S. housing data supported a late tech-driven rally on Wall Street, with investors picking up the pieces a day after a broad regional index posted its biggest daily loss in more than three months. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.4% higher, after slumping 2.15% a day earlier, its biggest daily drop since June 11. Investors have also been uncertain about Washington's ability to pass a stimulus package after Fed officials indicated they expected more fiscal support.
https://finance.yahoo.com/news/global-markets-asian-shares-tepid-062903179.html?.tsrc=rss
