Asian
stocks rose, with the regional benchmark index heading for a fourth day
of gains, as materials and health-care shares advanced, countering a
decline in Japans Topix index amid a stronger yen.
The
MSCI Asia Pacific Index added 0.1 percent to 140.90 as of 9:03 a.m. in
Tokyo after rising 1.1 percent the past three trading days. Japans Topix
slid 0.3 percent as the yen gained 0.1 percent to 117.81 per dollar
after advancing 0.3 percent yesterday. U.S. stocks slipped from a record
as a drop in consumer confidence offset faster economic expansion.
South
Koreas Kospi index climbed 0.1 percent. Australias S&P/ASX 200
Index gained 0.9 percent, while New Zealands NZX 50 Index increased 0.3
percent.
Futures
on the Standard & Poors 500 Index were little changed today. The
measure declined 0.1 percent yesterday. Consumer confidence in the U.S.
declined to a five-month low in November, to a level that was weaker
than the most pessimistic estimate in a Bloomberg survey of economists.
Gross domestic product rose at a 3.9 percent annualized rate in the
third quarter, up from an initial estimate of 3.5 percent.
West
Texas Intermediate crude reached the lowest level in more than four
years after nations supplying a third of the worlds oil failed to pledge
output cuts before tomorrows OPEC meeting.
Futures
on Hong Kongs Hang Seng Index and the Hang Seng China Enterprises Index
each lost 0.1 percent in their most recent trading session.
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