Asian stocks edge higher amid low risk appetite; oil firm

Asian stocks edge higher amid low risk appetite; oil firm

Tuesday, October 18, 2016
Asian Market 1
Asian stocks edged higher and the dollar consolidated recent gains on Tuesday though risk appetite was low as weak US markets prompted investors to stay on the sidelines.

In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.2 percent in early trade. Australia’s benchmark index was up 0.3 percent.

As campaigning for the US presidential elections enters its home stretch and concerns about the Chinese economy deepen after weak trade data last week, risk aversion is broadly on the rise forcing investors to cut positions after a strong rally in risky assets in the third quarter of 2016.

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