Asian shares firm on Wall St record
TOKYO: Japanese shares rose in a steady start for Asian equities on Monday thanks to a strong session on Wall Street, and as a decisive win for Ukrainian billionaire Petro Poroshenko in the nation's presidential election ensured a tense runoff round won't be required.
Tokyo's Nikkei average climbed 0.7 per cent while MSCI's broadest index of Asia-Pacific shares outside Japan stood almost flat, just shy of one-year highs hit on Friday.
Activity could be crimped in Asia due to market holidays in London and New York on Monday.
Investors took their cue from upbeat US hosing data on Friday, with sales of new US single-family homes rising more than expected in April and the number of houses on the market hitting a 3-1/2 year-high.
The figures were good enough to boost Wall Street shares after Federal Reserve chief Janet Yellen said earlier this month that a slumping housing market, as well as geopolitical tensions, risk undermining the US economy
The S&P 500 index closed at a record high of 1900.53 on Friday, just below a record intraday high of 1,902.17 set on May 13, buoyed by a rally in housing stocks.
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ET Now: What is your call on Power Finance CorporationBSE 6.23 % Ltd?
NBCC is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 300.
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ET Now: What is your call on NBCC Ltd?
NBCC is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 300.
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