Asian
stocks swung between gains and losses, after the regional benchmark
index dropped to a one-month low, as energy companies surged with a
rebound in oil while utilities slid.
The
MSCI Asia Pacific Index fell less than 0.1 percent to 124.34 as of 9:14
a.m. in Tokyo, after rising as much as 0.1 percent. Japan’s Topix index
fluctuated as the yen traded near a 1 1/2-year high. After a rally in
risk assets since mid-February, investors are turning cautious, with
International Monetary Fund chief Christine Lagarde highlighting greater
risks to global growth amid middling data out of some of the world’s
biggest economies.
South
Korea’s Kospi index added 0.4 percent, while Australia’s S&P/ASX
200 Index rose 0.2 percent. New Zealand’s S&P/NZX 50 Index fell 0.3
percent. Markets in China and Hong Kong have yet to start trading.
Source: Bloomberg
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