Shares in Asia climb on Trump’s tax revamp plan

Taipei Times
Date: Feb 12, 2017
By: Bloomberg

Asian shares rose to the highest level since July 2015, following US stocks’ climb to record highs after US President Donald Trump said he plans to overhaul business taxes.

Stocks advanced in nearly all Asia-Pacific markets following Trump’s pledge that a “phenomenal” plan to overhaul business taxes will be released within weeks.

The MSCI Asia Pacific Index on Friday rose 0.9 percent to 143.88 in a rally led by shares of consumer discretionary companies. The index stood at 142.08 last week.

Japanese auto-related stocks were among the biggest boosts to the gauge, as a weaker yen improved the outlook for exporters.    [FULL  STORY]

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