Asia shares edge higher on hopes for more stimulus:

Asian shares edged higher on Monday as a disappointing US payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.

A holiday in the United States made for thin conditions and kept MSCI’s broadest index of Asia-Pacific shares outside Japan to a small gain of 0.2%, though that was the highest since late July.

Japan’s Nikkei added 1.7%, extending a rally on hopes a new prime minister there would bring added fiscal stimulus.

News Source: Moneycontrol


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