HomeNewsNewsAsian shares extend a global rally as dollar languishes

Asian shares extend a global rally as dollar languishes

A man wearing a protective mask amid the coronavirus disease (COVID-19) outbreak, looks at a board displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan June 16, 2022. REUTERS/Kim Kyung-Hoon

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  • https://tmsnrt.rs/2zpUAr4
  • Australia, South Korea, Hong Kong shares gain over 1%
  • Nikkei up 2.1%; U.S. futures up
  • Traders await guidance from ECB, BOJ meetings

BEIJING/HONG KONG, July 20 (Reuters) – Asian shares extended a global rally on Wednesday as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment and ease fears of a recession, while the dollar was mired near two-week lows.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) surged 1.1% in early Asia trade, driven by a 1.5% jump in resources-heavy Australia (.AXJO), a 1.1% gain in South Korean shares (.KS11)…

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