Asian stocks rose, with the regional benchmark index heading for its third straight day of gains, as U.S. jobless claims fell and investors weighed company earnings.
The MSCI Asia Pacific Index added 0.8 percent to 132.60 as of 9:18 a.m. in Tokyo. The measure has pared its weekly loss to 1.6 percent. China’s markets are scheduled to open today after Lunar New Year holidays.
“Fundamentals still look good and the global economy is expected to grow faster this year than it did last year,” said Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, which oversees about A$170 billion ($152 billion). “That’s a positive environment.”