Asian shares scaled a 10-year high on Thursday as solid economic data from the United States and Germany reinforced investors’ optimism while oil prices hovered at 2-1/2-year high with unrest in Iran stoking supply disruption concerns.
MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent, coming near its 2007 peak, with Australian shares hitting a decade high.
Japan’s Nikkei jumped 2.0 percent on its first trading day of the year while the broader Topix hit its highest level since 1991.
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