Asia shares join global rally, hit 10-yr high on Irma, North Korea relief

Asian shares joined a global equities rally, hitting a 10-year peak on Tuesday with investors breathing a sigh of relief as North Korean fears eased slightly and the worst-case scenario from Hurricane Irma looked to have been avoided.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.1 percent to its highest level since late 2007. Japan’s Nikkei rose 1.0 percent.

Adding to an uptick in risk appetite was relief that North Korea did not test-fire missiles or conduct nuclear tests over the weekend as some had feared.

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