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Overnight Markets: US stocks inch higher ahead of Yellen’s testimony

by Himanshu Singh on Feb 11, 2014 at 03:55

In Asia, shares gained on Tuesday in morning trade ahead of Yellen’s first testimony on monetary policy.

The MSCI Asia Pacific excluding Japan Index advanced 0.6% to 447 as of 9:41 a.m. in Hong Kong. Australia’s S&P/ASX 200 Index rose 0.5%, extending gains after a private report showed business confidence rose in January for the first time in four months.

New Zealand’s NZX 50 Index advanced 0.4%. South Korea’s Kospi index added 0.2%. Singapore’s Straits Times Index and Taiwan’s Taiex both gained 0.3%. Hong Kong’s Hang Seng Index climbed 0.7%, while China’s Shanghai Composite Index was little changed. Japanese markets are closed for a holiday.

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