Asian Stocks Head for Sharpest Two-Day Gain Since January 2017

Asia’s benchmark equities index headed for its sharpest back-to-back gain in 19 months as most stock markets in the region gained, led by a rally in technology companies.

The MSCI Asia Pacific Index rose 1.2 percent to 162.19 as of 4:28 a.m. in Hong Kong. A gauge of the region’s technology companies jumped 2.1 percent, the biggest boost to the benchmark. Turkey’s rate increase, which was wider than expected, boosted emerging-market stocks and a surprise slowdown in U.S. inflation in August sent regional markets higher. News that the U.S. and China could be heading for another round of trade talks continued to boost sentiment.

Source : Bloomberg

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