Asian shares extend gains on stimulus hopes

by Blog Burger on July 30, 2012

A woman smiles as she walks past an electronic board outside a brokerage in TokyoTOKYO (Reuters) – Asian shares extended their gains on Monday, supported by expectations the Federal Reserve and the European Central Bank will deliver new measures to underpin their fragile economies. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.5 percent, after climbing 2.2 percent on Friday for its biggest daily rise in a month. Japan's Nikkei stock average opened up 1.1 percent, after ending up nearly 1.5 percent on Friday, also its biggest daily gain in a month. …

Business News Headlines – Yahoo! News

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