TOKYO: Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.
The immediate focus shifts to the minutes of the U.S. Federal Reserve's last meeting due on Wednesday. Traders are also keenly waiting on the Fed's Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional steps policymakers will take to bolster growth. "China is prepared to do a lot for its economy. I hope to hear more about fiscal spending in Germany. Central banks have no choice but to ease. The remaining question is what comes from fiscal policy."
However, a bounce in yields from lows hit last week has eased some of the concerns about the global economy.
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