Asian stocks rose after U.S. peers hit fresh highs on Friday, as investor sentiment was bolstered after the Federal Reserve reaffirmed a slow and gradual pace of policy tightening.
The MSCI Asia Pacific Index gained 0.9 percent to 165.01 as of 10:57 a.m. in Hong Kong. All 10 industry sub-groups on the benchmark advanced, led by consumer discretionary shares. The Hang Seng China Enterprises Index was the biggest gainer in the region, while Japan’s Topix gauge added 0.8 percent. Trading on the Philippine stock market is closed for a holiday.
Source : Bloomberg