Asian shares rise as low interest rates fuel buying

Asian shares rise as low interest rates fuel buying

MANILA, Philippines (AP) — Asian shares mostly rose Friday with investors remaining in a buying mood amid low interest rates and after world markets recovered their losses from Britain's vote to leave the European Union a week ago.

ANALYST VIEWPOINT: "In a testimony to the influence of low interest rates, world share markets have recovered nearly all their Brexit losses," said Ric Spooner, chief market analyst at CMC Markets.

While the rally suggests that traders' anxiety over Britain's departure from the EU have eased, a surge in U.S. bond prices Thursday signaled many investors remain cautious about the possible long-term implications.