Stock Market News

Easing hopes prop up global stocks, pound sags as Britain eyes new PM.

Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.02%.

Japan’s Nikkei rose 0.25%.

Australian stocks added 0.15% and South Korea’s KOSPI gained 0.2%.

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