Asian
stocks rose, with the regional benchmark index extending its firstly
monthly gain since October, as Japanese shares climbed after the yen
weakened against the dollar on a drop in U.S. jobless claims.
The
MSCI Asia Pacific Index added 0.3 percent to 140.91 as of 9:01 a.m. in
Tokyo. The gauge has risen 2.2 percent in January, led by a surge in
Hong Kong shares. The European Central Bank unveiled a plan this month
to join the Bank of Japan in unprecedented monetary easing.
Japan™s
Topix index rose 1 percent as the yen traded at 118.28 per dollar after
falling 0.6 percent yesterday. South Korea™s Kospi index and
Australia™s S&P/ASX 200 Index each gained 0.6 percent. New Zealand™s
NZX 50 Index slid 0.2 percent. Markets in China and Hong Kong have yet
to open.
Hong
Kong™s Hang Seng Index jumped 4.2 percent this month, with Tencent
Holdings Ltd. surging 20 percent amid optimism Asia™s second-largest
Internet company will diversify its revenue sources. The Shanghai
Composite Index rose 0.9 percent, as regulators curb margin lending at
brokerages, after gains of 21 percent and 11 percent the previous two
months.
Source: Bloomberg
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