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Asian shares post gains in September on trade hopes

Published 10/01/2019, 07:49 PM
Updated 10/01/2019, 07:50 PM
Asian shares post gains in September on trade hopes
JP225
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NSEI
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JKSE
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KS11
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PSI
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MIAP00000PUS
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Oct 1 (Reuters) - Asian shares posted their first monthly
gain in three months in September as a softening of U.S.-China
trade tensions and major central banks' monetary easing measures
averted fears about a global recession and lifted riskier assets
such as Asian shares.
The MSCI's broadest index of Asia-Pacific shares
.MIAP00000PUS gained 2.13% in September after two successive
months of decline. However, the index shed 2.29% for the
quarter.
Last month, the United States and China agreed to hold
high-level trade talks in early October, raising hopes that the
two top global economies can de-escalate the tariff spat before
it inflicts further damage on the global economy. The U.S. Federal Reserve cut its policy rate for the second
time this year, while the European Central Bank (ECB) also cut
rates deeper into negative territory to revive an ailing euro
zone economy.
In September, equities markets in Japan .N225 , South
Korea .KS11 and India .NSEI were the best performers in the
region, with each gaining over 4% for the month.
The losses were led by Indonesia .JKSE and Philippines
.PSI , both losing about 2.5% each.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Asia Sep price change https://tmsnrt.rs/2oXkLTn
Asia Pacific equities performance in 2019 https://tmsnrt.rs/2o4pK41
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