Asian shares came within reach of their 2016 highs on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors' risk appetite damaged by uncertainty from Brexit.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose as much as 0.4 percent to 427.83, just below its year-to-date high of 428.22 hit on April 21.
Japan's Nikkei hit one-month intraday high before ending up 0.8 percent at 16,231.43, bringing its gains since Prime Minister Shinzo Abe's election victory on Sunday to 7.4 percent.
China stocks closed higher on Wednesday as investors bet on further fiscal and monetary stimulus in the second half of 2016, following GDP data on Friday.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent to 3,282.87 points, while the Shanghai Composite Index gained 0.4 percent to 3,060.69.
Reference: Reuters
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