Asia shares score three-year high on economic optimism

Employees of the Tokyo Stock Exchange (TSE) look at a monitor at the bourse at the TSE in Tokyo [courtesy]

Asian stocks scored a three-year peak on Wednesday after a round of upbeat global economic data whetted risk appetites and helped Wall Street taste all-time highs.

Dealers said fund managers were rotating money out of bonds and into equities for the start of the second half of the year, nudging up U.S. Treasury yields.