Economic news

Asian stocks extend their best start to a year since 2006

Asian stocks advanced on Tuesday, despite early moderate losses as rise in the consumer staples and technology shares offset a fall in materials.

Photo: Reuters

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

Hong Kong’s Hang Seng Index soared 1 percent, on track for a record.

Australian shares slipped 0.2 percent.

Investors assessed potentially hawkish policy moves from the ECB and Bank of Japan, the improving political forecast for the eurozone.

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