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Asian Shares Advance; M&A Boost Australian Market

25 Oct News | Comments

(Adds information, quotes, updates/adds market levels) Asian stock markets rose Monday, with Australian shares climbing as Singapore Exchange’s multibillion takeover bid for ASX spurred a wave of merger interest, but Japan’s shares slipped on strong yen concerns. Australia’s S&P/ASX 200 jumped 1.5%, South Korea’s Kospi Composite gained 1.0% and Japan’s Nikkei Stock Average edged up 0.1% after wavering between positive and negative territory.

 

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