Economic news

Asian shares inch higher on U.S. tax-reform optimism

Asian shares gained on Tuesday after U.S. stocks closed at record highs overnight as U.S. tax plan edged closer to completion.

MSCI’s broadest index of Asia-Pacific shares increased 0.4 percent.

Japan’s Nikkei sank 0.15 percent.

Australia’s S&P/ASX 200 Index rose 0.55 percent, Hong Kong’s Hang Seng surged 0.8 percent and the Shanghai Composite Index inched up 0.6 percent.

South Korea’s Kospi index lost 0.1 percent.

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