HONG KONG: Asian stocks rose, with the benchmark index poised to gain for the fifth day in seven, as rising demand for Italian bonds signaled Europe’s debt crisis is easing and Bank of Japan minutes showed policy makers aren’t ruling out any options to boost the economy.
The MSCI Asia Pacific Index (MXAP) rose 0.2% to 120.35 as of 9:04 a.m. in Tokyo. Almost seven stocks climbed for every two that fell before the open of markets in Hong Kong and China.
The Nikkei 225 Stock Average increased 0.3%. South Korea’s Kospi Index advanced 0.7%, while Australia’s S&P/ASX 200 Index slid 0.1%. (Bloomberg/tw)