Asian
stocks rose, with the regional benchmark heading for its fourth
straight daily gain, as raw-material and consumer shares led advances.The MSCI Asia Pacific Index climbed 0.5 percent to 137.38 as of 9:01 a.m. in Tokyo. Japan™s Topix index added 0.9 percent as the yen held last week™s losses versus the dollar and even as data showed industrial production unexpectedly fell 2.3 percent in February from January. A three percentage-point sales-tax increase takes effect in Japan tomorrow.
The regional benchmark index lost 0.8 percent this month and 3.3 percent this year through last week with gauges in Japan and Hong Kong declining the most among developed markets.
Federal Reserve Chair Janet Yellen speaks in Chicago today as investors await payrolls data due later in the week to assess the outlook for U.S. interest rates.
South Korea™s Kospi index added 0.4 percent as North Korea said it may conduct a œnew form of nuclear test if the U.S. challenges its efforts to enhance deterrence through military drills.
Australia™s S&P/ASX 200 Index rose 0.7 percent, while New Zealand™s NZX 50 Index slid 0.2 percent. Markets in Hong Kong and China are yet to open.
Futures on the Standard & Poor™s 500 Index rose 0.4 percent today. The measure gained 0.5 percent on March 28 as consumer shares rebounded amid data showing household purchases rose in February by the most in three months.
Copy Source : Bloomberg
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