SHANGHAI (Reuters) – A broad gauge of Asian share markets rose to the highest in 18 months on Monday as Chinese equities gained, while oil hovered near three-month highs on a combination of U.S. crude inventory drawdowns, trade optimism and unrest in the Middle East. FILE PHOTO: Investors look at computer screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. REUTERS/Aly Song/File Photo MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was last up 0.2%, turning around from an earlier loss. The index rose to its highest since June 19. Chinese blue chips .CSI300, which had started the day lower, were up 1.24% at the midday break, bolstered by a report that 2019 retail sales are forecast to rise 8% and expectations that a new benchmark for floating-rate loans could lower borrowing costs and boost flagging economic growth. But Australian shares remained down 0.44% as investors continued to consolidate recent gains. Japan’s Nikkei stock index .N225 slid 0.58%.Easing trade war worries and reduced uncertainty over the United Kingdom’s plans to leave the European Union after British elections returned a strong Conservative majority have offered a lift to global equities this month, helping the broad… Read full this story
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