The Traderszone Network

Published in TZ Latest News 10 June, 2015 by The TZ Newswire Staff

Asia stocks gain, rate cut sends kiwi tumbling

Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years. South Korea’s central bank also eased, cutting its rate to a record low 1.50 percent to offset the potential impact of an outbreak of Middle East Respiratory Syndrome (MERS). MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent.