The Traderszone Network

Published in TZ Latest News 5 October, 2015 by The TZ Newswire Staff

Asian shares rise on fading Fed tightening view

The prospect of a delay in the U.S. Federal Reserve’s plan to raise interest rates and signs of some stability in oil and commodity markets boosted Asian stocks on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 percent to two-week high. Japan’s Nikkei (.N225) extended the rebound from eight-month low hit a week ago, helped by speculation that the Bank of Japan might adopt stimulus to support the flagging economy.