By Tom Westbrook and Imani Moise
SINGAPORE/NEW YORK, Oct 7 (Reuters) – Asian stock markets edged higher on Wednesday, brushing off Wall Street’s weaker finish, which came after U.S. President Donald Trump abruptly broke off economic stimulus negotiations with lawmakers.
Trump cancelled talks with Democrats in a Tweet saying that negotiations will stop until after the election, when he promises a major stimulus bill.
That sent Wall Street tumbling and safe assets like the dollar and bonds higher. Investors in Asia, however, seemed less rattled, holding a view that stimulus would be delayed rather than derailed.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS crept 0.2% higher to a fresh two-week peak, led by a 0.8% gain in Australia .AXJO where an expansionary budget lifted stocks. .AX
Broad gains in Hong Kong .HSI lifted the Hang Seng 0.7% while Japan’s Nikkei .N225 fell 0.2%. .HK.T