[HONG KONG] Asian investors pressed on with their buying spree on Tuesday as they took up the baton from a strong Wall Street rally, cheered by healthy economic data, optimism over China-US trade talks and the prospect of no hike in borrowing costs.
The Fed's recent dovish lean has helped propel a rally across share markets this year, with other central banks also looking to ease up on their tightening moves. The confident air helped oil prices to extend Monday's gains of more than two percent, with support also coming from news that Opec had lowered output while major producer Venezuela's political and economy crisis deepens.
Source: News Formal (newsformal.com)
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