Asia stocks rise on Fed relief, dollar dips
Published on Jul 10, 2014 9:43 AM
TOKYO (Reuters) - Asian equities rose and the dollar dipped on Thursday, after the Federal Reserve indicated that it was not in a rush to end quantitative easing and begin hiking rates.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 per cent.
Tokyo's Nikkei rose 0.1 per cent, despite a sharp drop in machinery orders reported minutes before the opening bell.
Japan's core machinery orders unexpectedly fell 19.5 per cent in May from the previous month, casting doubt over the outlook for a pickup in capital spending.
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