Asian shares edged higher on Thursday as signs of recovery in China and the United States eased fears of deteriorating global growth, but sentiment remained vulnerable with weak corporate earnings continuing to undermine investor confidence.
The MSCI index of Asia-Pacific shares outside Japan was up 0.3 percent, having fallen the past four days. Australian shares inched up 0.2 percent with increases in copper and oil prices, while South Korean shares trimmed earlier losses to trade nearly flat ahead of third quarter results from Hyundai Motor Co.
Japan’s Nikkei average rose 0.5 percent.
Credit Suisse said in a research note that Asian companies which have already reported third-quarter earnings have only had a slight negative surprise.
News Source: bdnews24.com
