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Asian stocks test new 19-month highs, some markets seen overvalued

Asian stocks test new 19-month highs, some markets seen overvalued


A man walks past an electronic board showing Japan's Nikkei average, the Dow Jones average and the stock averages of other countries' outside a brokerage in TokyoBy Saikat Chatterjee HONG KONG (Reuters) - Asian stocks inched to new 19-month highs on Thursday with thanks to an ongoing rally on Wall Street and bolstered by gains in Chinese stocks while the dollar came in for a bout of profit-taking after a recent bounce. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent to its highest since July 2015. European stock markets are set to open steady to slightly higher according to index futures Wall Street pushed relentlessly into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak.


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Tags:   US Business & Economy    Asian    stocks    test    new    19-month    highs    some    markets    seen    overvalued
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