Asian Shares Near 2016 Peak As Risk Appetite Improves

Asian shares came within reach of testing their 2016 peak on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors' risk appetite damaged by uncertainty from Brexit.

MSCI's broadest index of Asia-Pacific shares outside Japan rose as much as 0.4 percent to 427.83, just below its year-to-date high of 428.22 hit on April 21.