Most Asian stocks rose after U.S. equity gauges climbed to fresh records and the yen weakened, boosting Japanese shares.
About three stocks
rose for every two that fell on the MSCI Asia Pacific Index, which
traded little changed at 153.39 as of 9:03 a.m. in Tokyo. Japan’s Topix
index added 0.2 percent after the yen fell 0.6 percent against the
dollar on Monday. The Standard & Poor’s 500 Index rose 0.3 percent
and the Dow Jones Industrial Average climbed 0.1 percent, both closing
at all-time highs. Investors are awaiting this week’s U.S. housing data
for clues as to whether the recovery in the world’s largest economy can
withstand higher interest rates.
Australia’s
S&P/ASX 200 Index rose 0.1 percent and South Korea’s Kospi index was
little changed. New Zealand’s NZX 50 Index slipped less than 0.1
percent.
E-mini futures on the S&P 500 were little changed today.
Source: Bloomberg
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