Asian shares followed Wall Street higher as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough.
U.S. retailer Walmart Inc (WMT.N) said it has not decided to sell its Japanese supermarket chain Seiyu and would continue to develop its business in Japan.
Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported
Asian shares rallied for a third session as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive.
The Fed is pressing ahead with raising interest rates, global financial conditions are tightening and investors are nervous about the global economy.
The benchmark Sensex posted decent gains for the week, up 234.38 points to end at 35,657.86, while the broader Nifty ended above the key 10,750 -level at 10,772.65, gaining 58.35 points.
Indian shares rose and looked set to post a weekly gain with most sectors trading higher and energy stocks climbing on softer crude prices.
Japan’s Government Pension Investment Fund, the world’s largest pension fund, lost 5.5 trillion yen (37.5 billion pounds) on its investments in the first quarter as worries about U.S.-China trade friction pushed down stocks in Japan and abroad, the fund said.
Activity in India’s service industry rebounded in June from a mild contraction the prior month, a private survey showed.
Activity in Japan’s services sector accelerated in June from the previous month as new orders grew at a faster pace, a private survey showed.