Japanese shares rose in a steady start for Asian equities on Monday thanks to a strong session on Wall Street, and as a decisive win for Ukrainian billionaire Petro Poroshenko in the nation's presidential election ensured a tense runoff round won't be required. Tokyo's Nikkei average (NIK:^9452) climbed 0.7 percent while MSCI's broadest index of Asia-Pacific shares outside Japan stood almost flat, just shy of one-year highs hit on Friday. The figures were good enough to boost Wall Street shares after Federal Reserve chief Janet Yellen said earlier this month that a slumping housing market, as well as geopolitical tensions, risk undermining the U.S. economy [ID:nL2N0NT0Y3] Investors were also hopeful of easing geopolitical risks after exit polls in Ukraine gave Poroshenko, a confectionery magnate with long experience in government, more than 55 percent of the vote.
via Business News - Yahoo Finance http://ift.tt/1oxN5Ro
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