July 1 (Reuters) - Asian stocks climbed in June after sharp
falls the previous month, with investor sentiment buoyed by
expectations of monetary easing by major central banks and hopes
for a thaw in strained Sino-U.S. trade ties.
The MSCI's broadest index of Asia-Pacific shares,
.MIAP00000PUS gained 5.05% in June, after declining 6.2% in
May. Last month's gain was index's best since January.
Slowing U.S. exports and softer job growth raised hopes that
the Federal Reserve would cut interest rates as soon as its July
meeting, which prompted investors to look for higher returns
outside.
Investors were also hoping a meeting between the leaders of
China and the United States in late June would get trade
negotiations back on track after a sudden escalation in the
dispute in May. Washington and Beijing agreed last Saturday to restart trade
talks after President Donald Trump offered concessions including
no new tariffs and an easing of restrictions on tech company
Huawei in order to reduce tensions with Beijing. In June, equities markets in Thailand .SETI , Singapore
.STI and Hong Kong .HSI all gained between 6% to 7%.
Bucking the trend, Indian .NSEI and Vietnamese .VNI
markets fell over 1% during last month.
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Asia-Pacific equities monthly performance - June 2019 https://tmsnrt.rs/2FJSyoe
Asia-Pacific equities performance in 2019 https://tmsnrt.rs/2YxP8fG
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