The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Asian equities gained even as concerns over potential international fall out from North Korea’s nuclear weapons program faded.
The MSCI AC Asia Pacific Index rose 0.2 percent to 153.97 as of 4:30 p.m. in Hong Kong, reversing an earlier drop of the same magnitude. Technology stocks were among the biggest boosts to the gauge after being beaten down on Tuesday. Automakers led gains in Japan.
“The market was in a nervous mood, but it just reversed mainly because geopolitics come and go,†said Nader Naeimi, head of a dynamic investment fund at AMP Capital Investors in Sydney. “If there are signs of diplomacy coming through, in this case from Russia and China trying to find a way to negotiate, then the market’s on a rebound.â€