The Traderszone Network

Published in TZ Latest News 21 May, 2015 by The TZ Newswire Staff

Asia up after Wall Street sets record high, dollar on defensive

Asian shares rose on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar was on the defensive after downbeat U.S. data. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9 percent with South Korean, Australian and Hong Kong shares posting sizeable gains. The Bank of Japan kept its policy as widely expected.