HONG KONG: Most Asia-Pacific stocks markets strengthened on Wednesday (Jun 7), as expectations for stimulus from China and overnight gains on Wall Street boosted the mood.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.7 per cent in the morning.
China’s benchmark equity index rose 0.3 per cent, while Hong Kong’s Hang Seng added 1.2 per cent.
On Tuesday, China reportedly asked the biggest banks to cut deposit rates to boost the economy. Speculation of policy support for the troubled property sector has been lifting those shares over the past week.