Asian shares rally as retail crowd catch silver bug

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AFP
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ID: 
1612151977720330000
Mon, 2021-02-01 03:09

SYDNEY: Asian shares rallied on Monday and US stock futures recouped early losses as newly empowered retail investors turned their attention to precious metals, promising a respite to some hard-hit hedge funds.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.4 percent after four straight sessions of losses.
Japan’s Nikkei added 1.2 percent, after shedding almost 2 percent on Friday, while Chinese blue chips gained 0.5 percent as the country’s central bank injected more cash into money markets.

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