Asian markets rose on Monday following widespread falls last week as investors took heart from
Other regional markets saw more modest gains.
In afternoon trade
The dollar also rallied against the yen and euro after the unit plunged last week as investors snapped up the Japanese currency, seen as a safe haven in times of uncertainty and turmoil.
Last week ended on a sour note for most Asian markets as worried investors took fright from a ramping up of instability in
But US markets shrugged off the escalation of violence, ending the week in the black with a big rally on Friday.
The Dow Jones Industrial Average rose 0.37 per cent, or 60.56 points to 16,553.93 by close of play while the tech-rich Nasdaq Composite Index added 0.42 per cent, or 18.26 points to 4,370.90.
Analysts said Asian markets were still keeping a close eye on the global geopolitical situation, but added that investors were beginning to feel both the
"On an interim-term view, geopolitics remain at the forefront of investors' decision making," wrote
But risks remain. Over the weekend
This week investors will be looking for economic health indicators from
US retail sales and industrial production for July will also be released later this week.
In forex trade the dollar strengthened to
The euro was quoted at
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