ASIA CREDIT CLOSE: Risk-on sentiment gives lift to new issues

April 21, 2016 8:43 AM

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SINGAPORE, April 21 (IFR) - Asian markets were rallying with equities hitting a 5.5-year high and credit spreads tightening 1bp-2bp as sentiment turned positive on a rebound in oil prices.

The MSCI index of Asia-Pacific shares (outside Japan) rose 0.8% just after noon to its highest level since early November, Reuters reported. The Nikkei closed 2.7% higher, while the Hang Seng was up 1.8%.

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