Asian stocks rose, with the regional benchmark index heading for its first weekly advance this year. The South Korean won climbed, oil fell from a four-month high and gold held above $1,300 an ounce.
The MSCI Asia Pacific Index added 0.3 percent as of 10 a.m. in Tokyo, and is on track for a 1.8 percent increase this week. The Topix index climbed 0.3 percent and Standard & Poor’s 500 Index futures were little changed after the gauge closed at the highest since Jan. 22. The won increased 0.5 percent, and is set for its biggest weekly gain since September. West Texas Intermediate crude decreased 0.1 percent and spot gold traded at $1,301.92.
Stocks and developing-nation currencies are rebounding after two rounds of Federal Reserve-stimulus cuts fueled emerging-market outflows and a $3 trillion equity rout. China releases inflation figures for January today, and is due to issue money-supply data today or tomorrow. Germany and France release final-quarter gross domestic product figures, while reports in the U.S. will show industrial production-growth slowed last month and consumer sentiment is weakening in February.
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Mingze Wu
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