Asia Stocks Up After Tax Reform Optimism Lifts Wall Street

Asian stocks rose on Friday after optimism over U.S. tax reform plans lifted Wall Street shares to new highs, and the dollar hovered near a seven-week peak as new indicators pointed to solid economic growth. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3 percent, poised for a 1.6 percent gain on the week. Japan’s Nikkei climbed 0.25 percent after setting a new two-year high, Australian stocks rose 0.8 percent and South Korea’s KOSPI advanced 0.9 percent. The S&P 500 posted its sixth straight record high close on Thursday, its longest run since 1997, as investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution. For Any Information Please Visit : www.paceresearchindia.com and Call : 8817774774