Investing.com - Asia shares gained on Thursday on continued easy policy expectations after the financial hub of Singapore became the latest Asian nation to ease policy.
The news was joined by with remarks by Bank of Japan Governor Haruhiko Kuroda on policy. The Monetary Authority of Singapore on Thursday said it would adopt a neutral currency stance against a basket of currencies, a step back from an appreciation view after it said the regional economic picture had dimmed.
The Nikkei 225 traded up 3.07%, while the S&P/ASX 200 rose 1.19% and the Shanghai Composite edged up 0.06%.
Overnight, U.S. stocks were higher after the close on Wednesday, as gains in the Financials, Technology and Industrials sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 1.06% to hit a new 3-months high, while the S&P 500 index gained 1.00%, and the NASDAQ Composite index added 1.55%.