Asian shares rebound, easy policies feed risk taking
TOKYO (Reuters) – Asian shares rebounded strongly on Tuesday after a sharp sell-off triggered by slumping Chinese stocks the previous session, as a globally accommodative monetary stance helped revive risk appetite. The MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1 percent after tumbling 1. 3 percent as Chinese shares dived on concerns Beijing’s move to tighten the housing market could weigh on growth. The February HSBC Services Purchasing Managers’ Index (PMI) fell to 52. 1 from January’s 54. . . .
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