Asia stocks gain, dollar slips on Fed governor’s dovish comments

Asia stocks gain, dollar slips on Fed governor’s dovish comments

Tuesday, September 13, 2016
Asian Market 1
Asia stocks gain, dollar slips on Fed governors dovish comments Asian stocks rose on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve governor Lael Brainard calmed markets with remarks that appeared to reduce the prospects of a near-term interest rate hike.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6 percent. Japan’s Nikkei erased earlier gains to stand little changed as the yen advanced.

South Korea’s Kospi rose 0.5 percent and Australian stocks advanced 0.3 percent. Hong Kong’s Hang Seng rose 1.1 percent and Shanghai was flat.

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