Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Asian shares eke out third straight monthly gain in November

Published 02/12/2019, 09:45 pm
Updated 02/12/2019, 09:49 pm
© Reuters.  Asian shares eke out third straight monthly gain in November
JP225
-
AORD
-
JKSE
-
NZ50
-
PSI
-
MIAP00000PUS
-

Dec 2 (Reuters) - Asian shares eked out gains in November as hopes of a global economic recovery outweighed a cautious tone surrounding uncertainties about the U.S.-China interim trade deal.

The MSCI's broadest index of Asia-Pacific shares .MIAP00000PUS gained 0.4% in November, its third successive monthly rise.

The U.S.-China trade deal that Washington and Beijing hoped of signing by the mid of last month, was saddled by a lack of agreement on tariffs' rollback and on a new U.S. law that backed Hong Kong protesters. month, regional gains were lead by New Zealand shares .NZ50 , which surged 4.9%, on improving outlook for local businesses. significant easing in both interest rates and the exchange rate is clearly working its way through the economy, and the remarkable resilience of New Zealand's commodity prices is providing an invaluable buffer to the world's woes," ANZ Bank said in a report last month.

Australia .AORD and Japan .N225 stocks also topped regional shares last month with 2.6% and 1.6% in monthly gains.

Economic data from the United States and Asian markets released during November, showed signs of recovery in global economic growth and supported regional shares last month.

The U.S. economy grew at a 2.1% annualised rate in the third quarter, up from 2.0% growth in the second quarter. China's factory activity for November also showed an expansion with a PMI reading of 51.8, the quickest pace since December 2016. losses were lead by Indonesia .JKSE and Philippines .PSI shares, both losing about 3% or more.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

https://tmsnrt.rs/2DGSBQh Asia Nov price performance

https://tmsnrt.rs/34BwG9b

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.