Asia stocks gain | Equity Market Tips

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Asian stocks gained early on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in US interest rates, while the dollar held to large gains made as Treasury yields picked up.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent. Japan's Nikkei gained 1.9 per cent and Shanghai stocks edged up 0.4 percent.

 

With a hike seen as a mostly done deal after more than a year of anticipation, investor focus is fixed on how the Fed might opt to pace its tightening cycle next year. The central bank has hinted that it intends to hike rates gradually.

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