Asian stocks rise on back of Wall Street; gold slip

Asian Market 1

Asian stocks opened higher on the back of a strong Wall Street with markets discounting the potential impact of Italy’s referendum vote, while US Treasury yields firmed as robust economic data pointed to an interest rate hike next week.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent in early trade with Antiopodean markets leading gains. Korea climbed 1 percent in opening trades.

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