Asian stocks up
20 June 2015, Nirapad News: An index of Asian shares gained on Thursday while the dollar eased slightly after the Federal Reserve signalled that interest rates would rise more slowly than markets had expected. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed about 0.3 per cent, while Japan’s Nikkei skidded 0.8 per cent to a one-week low as the yen gained against the dollar. South Korean shares were poised to post their sharpest daily gain in four weeks, with the Korea Composite Stock Price Index rising 0.7 per cent. Australian stocks shed 1.6 per cent. The dollar index was down 0.2 per cent at 94.088 after losing 0.8 per cent in the previous session. The dollar skidded about 0.3 per cent on the day to 123.01 yen, down from its overnight high of 124.465 yen, while the euro rose about 0.2 per cent to $1.1362, adding to the previous day’s 0.8 percent rise. The pound touched a new seven-month high of $1.5852 in Asia, and was last at $1.5836. Brent crude dipped 0.3 per cent to $63.71 a barrel, while US crude also fell about 0.5 per cent to $59.65. Spot gold, another beneficiary of the greenback’s weakening following the Fed meeting, was up about 0.2 per cent at $1,187.35 an ounce.