Asian shares edge up to 3-month high, dollar marks time before Fed
SYDNEY - Asian shares rose on Monday to a three-month high as risk assets got a fillip from hopes of a U.S.-China trade deal as soon as next month while the dollar marked time as focus shifts to a U.S. rate decision.
In early Asian trades, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.2% for its third straight day of gains to 518.29, the highest since late July.The gains came after a positive session in U.S. and European markets on Friday. U.S. President Donald Trump has said he hopes to sign the deal with China’s President Xi Jinping next month at a summit in Chile.
to surpass its July 26 closing record of 3,025.86, though it ended a tad below that level on Friday. The S&P 500's total return index .SPXT posted an all-time high.
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