Asian Equities Higher as Japan Rally

Asian stocks rose, with the regional benchmark gauge heading for a three-day advance, as consumer and industrial shares climbed as Japanese stocks rallied after a holiday.

The MSCI Asia Pacific Index (MXAP) added 0.1 percent to 140.62 as of 9:03 a.m. in Tokyo. Japan’s Topix (TPX) index climbed 0.7 percent after the yen dropped 0.4 percent versus the dollar yesterday.

“More monetary policy easing in China and Europe are helping the market,” said Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, which oversees about $150 billion. “Government policy actions are going to be supportive for risk assets like equities.”

Bloomberg

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