Sunday, 17 July 2016

Asia shares steady, Softbank said to bid for ARM

The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities. The dollar was at 105.60 yen having briefly been as low as 104.63 late Friday, with trade further thinned by a holiday in Japan. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent having reached its highest in almost nine months last week.

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