13-09-2016 02:45 via news.yahoo.com

Asia stocks rise, dollar sags after Fed official's dovish comments

By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks rose early on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve Board Governor Lael Brainard brought relief to risk asset markets by reducing prospects of a near-term interest rate hike. The dollar, on the other hand, nursed losses against its peers after Brainard reiterated her dovish views. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 percent.
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