Asia stocks edge up as Fed minutes drives optimism
On Thursday, Asian stocks edged up, while the greenback kept to its two-month minimums, after minutes of the US Federal Reserve's latest gathering demonstrated that policymakers were in no rush to lift interest rates.
MSCI's broadest index of Asia-Pacific shares outside Japan earned 0.4% as market participants added to positions after a 14% soar for the last two months.
Technology shares, especially Tencent along with Lenovo Group brought the index higher.
As for Asian top gainers, we should point out to Hong Kong shares with 1% soar, while a stronger yen, thanks to the Fed's cautious outlook, pulled Japanese Nikkei back 0.5%.
The July gathering minutes issued on Wednesday showed that Fed policymakers were quite optimistic regarding the American economic outlook as well as labor market. However, they also told that they were eager to leave their policy options open because any struggling in hiring would argue against near-term monetary tightening.