Shares Rise, Dollar Down in Thin Trading

Global shares rose on Monday, lifted by expectations that the Federal Reserve will not raise interest rates anymore, and by hopes that China's steady drip feed of policy stimulus might stabilize the economy, Amanda Cooper and Wayne Cole reported for Reuters.

Investor sentiment on the tech sector will be tested this week by the initial public offering for chip giant Arm Holdings.

MSCI's broadest index of Asia-Pacific shares outside Japan added 1.1%, having climbed 2.3% last week, thanks in large part to a 1.3% rise in Chinese blue chips.

The MSCI All-World index, which last week staged its strongest weekly rally since mid-July, was up 0.2%, while the dollar was around 0.1% lower on the day.

Investor sentiment on the tech sector will be tested this week by the initial public offering for chip giant Arm Holdings, which is aiming for a price in the range of $47 to $51, valuing the company between $50 billion and $54 billion.

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