A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Photo
HONG KONG, Aug 30 (Reuters) – Asian shares started the week with gains and the dollar was not far off two-week lows after U.S. Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in long-awaited speech on Friday.
Oil prices rose, meanwhile, after energy firms suspended production as Hurricane Ida slammed into the U.S.’ southern coast.
Japan’s Nikkei (.N225) rose 0.9% soon after the bell, and MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.32% in early trading before Chinese markets had opened.
Australia (.AXJO)climbed 0.39% and Korea’s Kopsi (.KS11) gained 0.54%.
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