Asian stocks set to drift higher on US cues; dollar weak

Asian stocks are set to edge higher on Monday following cautious gains on Wall Street, though the dollar is set to come under pressure as Washington’s political turmoil undermines confidence in US economic policy. 

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.42 percent on Monday helped by some gains in Korean and Japanese stocks.

US stocks ended up on Friday but closed below their session highs on renewed concerns about Donald Trump’s presidency, following two new media reports of possible coordination between Russia and Trump’s election campaign.


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