Asian stocks rose
after posting their steepest weekly advance since December 2011, with
technology and industrial shares leading gains.
The MSCI Asia Pacific
Excluding Japan Index climbed 0.2 percent to 425.16 as of 9:32 a.m. in
Hong Kong, with Tokyo markets closed for a holiday. The measure jumped
6.5 percent last week. The comeback in global equities after their worst
quarter in four years is being underpinned by sentiment surrounding
central banks, which are showing little desire to pull back on stimulus.
South Korea’s Kospi
index added 0.1 percent. New Zealand’s S&P/NZX 50 Index climbed 0.7
percent. Hong Kong’s Hang Seng Index rallied 0.5 percent, while China’s
Shanghai Composite Index increased 0.3 percent. Australia’s S&P/ASX
200 Index slipped 0.7 percent, with energy shares leading losses after
surging last week.
Odds of a Fed liftoff
this year have fallen to below 50 percent, with traders predicting a 62
percent chance of an increase by March.
Source: Bloomberg 
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