Asian
stocks rose, with the regional benchmark index heading for its fourth
straight daily gain, as consumer shares led the advance.
The
MSCI Asia Pacific Index climbed 0.9 percent to 137.84 as of 5:15 p.m.
in Tokyo with about three shares rising for each that fell. The gauge
lost 0.8 percent this month and 3.3 percent this year through last week
as investors weighed the crisis in Ukraine, with stocks 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 this week to assess the outlook for U.S. interest rates.
Halla
Visteon Climate Control Corp., a maker of automotive air-control
equipment, jumped 7 percent in Seoul, the most among a MSCI Asia Pacific
Index industry group tracking consumer shares. Samsung SDI Co., a South
Korean supplier of batteries to Apple Inc., jumped 6.6 percent after it
agreed to buy Cheil Industries Inc. Mazda Motor Corp., a Japanese
automaker that gets about 30 percent of its revenue in North America,
gained 4.3 percent.
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