Asian Shares Inch Higher Euro Tries To Shake Off Italian Political Risk

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SINGAPORE – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier.

The common currency slumped on Wednesday following a report that Italian populist parties trying to form a coalition government could ask the European Central Bank to forgive 250 billion euros of Italian debt.

In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, while Japan’s Nikkei gained 0.7 percent.




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