Asian stocks hold near record as focus turns to US Fed meet
The MSCI All Country World Index held steady in early trading after closing at a record Friday. MSCI’s Asia equity index also traded near a record high. Shares in South Korea gained 0.5% amid a change to the capital gains tax threshold for stock investors, while those in Australia fell by 0.6%. There will be no cash trading in Treasuries during Asian hours as Japan is closed for a holiday.
The MSCI All Country World Index held steady in early trading after closing at a record Friday. MSCI’s Asia equity index also traded near a record high. Shares in South Korea gained 0.5% amid a change to the capital gains tax threshold for stock investors, while those in Australia fell by 0.6%. There will be no cash trading in Treasuries during Asian hours as Japan is closed for a holiday.
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