Asian stocks hit 2-month high on Wall St rally, Fed view

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Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares climbed to fresh two-month highs on Tuesday, boosted by a rally on Wall Street while the dollar languished near its lowest in two-and-a-half months on expectations the U.S. Federal Reserve is likely done with interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.91% higher at 509.82 having touched 510.42, the highest since Sept. 18. The index is up 7% for the month and on course for its biggest monthly gain since January. Japan’s Nikkei eased 0.15% after hitting highs not seen since 1990 on Monday. The index i…

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