• MTS Futures News_PM_20170516

    16 May 2017 | SET News

• Asian stocks climbed to a fresh-two year high on Tuesday on the back of an overnight rise in Wall Street, while oil extended gains after major producers Saudi Arabia and Russia pledged to push for an extension of supply cuts into 2018.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat after hitting its highest level since June 2015 in opening trades.

• Japan's Nikkei share average edged up on Tuesday, drawing support from a sagging yen and a rise in U.S. shares to record highs.

The Nikkei ended the day 0.25 percent higher at 19,919.82. It earlier rose to 19,998.49, its highest since December 2015, in an initial reaction to overnight Wall Street gains. But the index lost traction as the yen recovered some of its losses.

• China stocks reversed earlier losses to end higher for the fourth straight day on Tuesday, as investors were relieved by central bank efforts to boost liquidity in the financial system even as regulators announced fresh curbs on shadow banking.

The blue-chip CSI300 index rose 0.9 percent, to 3,428.65 points, while the Shanghai Composite Index gained 0.7 percent to 3,112.96 points, both posting their best day in five weeks.


• Hong Kong stocks turned lower on Tuesday after touching 21-month intraday highs, breaking a six-session winning streak, as investors took profit despite overnight strength on Wall Street.

The Hang Seng index fell 0.1 percent, to 25,335.94, while the China Enterprises Index lost 0.2 percent, to 10,433.69 points.

Reference: Reuters, CNBC
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