Asian Stocks End Six-Day Slump as Fed Rate-Increase Bets Wither

September 16, 2016 12:34 AM

1 0

Asian stocks rebounded from its longest losing streak since May, after weaker-than-anticipated U.S. data triggered a delay in investor expectations for an American interest-rate increase, spurring a rally in risk assets.

The MSCI Asia Pacific Index rose 0.2 percent to 136.82 as of 9:05 a.m. in Tokyo, halting a six-day run of declines and paring this week’s loss to 2.5 percent. Reports Thursday showed U.S. industrial production contracted more than forecast, while retail sales unexpectedly slid, sending the odds for ...

Also read: Bank Hapoalim gets okay to raise dividend to 30 pct of net profit

Read more

To category page