Asian stocks rose,
following a rebound in U.S. equities, as a weaker yen boosted Japanese
exporters and investors awaited data on China’s inflation.
The MSCI Asia Pacific
Index advanced 0.1 percent to 144.08 as of 9:01 a.m. in Tokyo. The gauge
sank to a three-week low on Monday after U.S. jobs data spurred traders
to bring forward bets on higher interest rates for the world’s largest
economy. The Standard & Poor’s 500 Index climbed 0.4 percent on
Monday after tumbling Friday following the employment report. China
reports on consumer and producer prices today, the first in a slew of
data this week that will give clues about its growth.
Japan’s Topix index
gained 0.5 percent as the yen slid 0.2 percent to 121.44 per dollar.
South Korea’s Kospi index also climbed 0.5 percent. Australia’s
S&P/ASX 200 Index rose 0.2 percent, while New Zealand’s NZX 50 Index
was little changed.
Futures on Hong Kong’s
Hang Seng Index were little changed in most recent trading. Cash
markets in Hong Kong and China are yet to open.
Futures on the S&P
500 slid 0.1 percent. U.S. equities entered the seventh year of a bull
run Monday, with the S&P 500’s advance paring the biggest drop in
two months on Friday. The S&P 500 has gained just 1 percent this
year, the third-worst performer of 24 developed markets tracked by
Bloomberg.
European finance
ministers piled pressure on Greece to open its books and follow through
with pledges agreed to in its rescue package, as the country tries to
avoid running out of cash as soon as this month. Greece will resume
talks with its creditors in Brussels on Wednesday, alongside technical
talks in Athens to comb through data.
Source : Bloomberg
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