Asian shares hit 1-year peak

On Wednesday, Asian stocks hit a one-year peak, while the evergreen buck along with Treasury yields headed south on poor American productivity data, while the British pound revived from a one-month minimum.

MSCI's broadest index of Asia-Pacific stocks excluding Japan soared 0.35% to the highest reading since August 2015. Additionally, Japanese Nikkei slumped 0.3%, dragged down by a stronger yen.

Taiwanese stocks climbed to the highest for nearly 13 months on Wednesday, while last they were trading flat.

In Hong Kong the Hang Seng index surged 0.6%, hovering close to its highest value since November. China's CSI 300 index as well as the Shanghai Composite were almost intact.

South Korean shares were also flat, having touched a nine-month peak.

On Tuesday, Wall Street eked out revenues , following a strong trading session for European stock markets with German DAX index leaping 2.5% to its highest of 2016 on strong earnings from reinsurer Munich Re as well as telecoms group Altice.

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