By Hideyuki Sano
TOKYO (Reuters) - The world's shares hit a record high on Friday as a relief over de-escalation of U.S.-Iranian tensions quickly prompted investors to bet on faster global growth, especially in the technology sector.
MSCI's broadest gauge of the world's stocks in 49 countries <.MIWD00000PUS> rose a tad to hit an all-time high and its index on Asia-Pacific shares outside Japan <.MIAPJ0000PUS> rose 0.18%.
Japan's Nikkei <.N225> rose 0.43% while Australian stocks <.AXJO> rallied 0.67% to a record high.
That followed record-setting in the pan-regional STOXX 600 index in Europe <.STOXX> and the three major stock indexes on Wall Street.
The S&P 500 <.SPX> gained 0.67%, with its technology sector rising more than 1%. Apple
Investors welcomed the report as a prelude to the upcoming visit by China's Vice Premier Liu He, head of the country's negotiation team in Sino-U.S. trade talks, to Washington next week to sign a trade deal with the United States.
Liu will visit Washington on Jan. 13-15 and U.S. President Donald Trump has said the so-called phase one deal will be signed on Jan. 15.
"We will have a symbolic event of Sino-U.S. dialogue. Given the current strength of the market, it is hard not to expect this rally to continue for the time being," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo.
Global shares quickly erased losses that followed missile attacks from Iran targeting U.S. forces in Iraq, as the two countries moved to defuse the tension.
Waning worries about all-out war in the Middle East pushed down gold, safe-harbour currencies and oil.
Against the yen, the U.S. dollar traded at 109.52 yen
The euro stood little changed at $1.1105
Oil prices were sharply lower from their highs hit in the wake of Iran's missile attack.
U.S. West Texas Intermediate (WTI) crude
(Reporting by Hideyuki Sano; Editing by Christopher Cushing)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Updated Date: Jan 10, 2020 07:06:45 IST