Asian shares make small gains
The Nikkei 225 added 0.5 per cent, although it pared some earlier gains on profit-taking, Reuters reports.
Asian shares were up this morning (March 2nd) after the European Central Bank's (ECB) cash injection earlier this week.
This was an improvement on yesterday's performance, when it closed down 0.2 per cent after reaching 9,865.75 points.
Similarly, MSCI's broadest index of Asia Pacific shares outside Japan climbed 0.4 per cent, although it was unable to match a seven-month high hit on Wednesday.
The ECB injected €530 billion (£448 billion) into the European banking system on Wednesday, with 800 financial institutions receiving funding.
Tetsuro Ii, the president of Commons Asset Management in Tokyo, said: "Central banks around the world keeping the global financial system awash with funds is prompting investors to keep the recent risk-on momentum."
The ECB's money has so far caused the bond yields of some of the eurozone's most financially troubled countries, such as Italy, to dip, the news provider stated.
Posted by Greg Secker
- Knowledge to Action News
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