Asian shares remain at highs on stimulus hopes

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Asian share markets remained at highs on Thursday. This came after investors’ sentiment was heavily affected by an increase seen recently, with the prospect of a stimulus package supporting the session after the Federal Reserve went dovish for its outlook, and inflation in the United States rendered a positive reading.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.1%, tallying another session of increase after it climbed over 10% so far this year. Japan’s Nikkei, on the other hand, toned down after hitting a 30-year peak on Wednesday. Australian shares jumped, with their head index securing an 11-month high.

Investors’ stimulus-driven optimism could be attributed to a surprisingly positive U.S. inflation. However, sessions were restricted as China, Japan, South Korea, and Taiwan closed their markets for a holiday.

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