Asian Stocks Are Little Changed as China Reduces Interest Rates

Asia’s benchmark stock index was little changed after Chinese policy makers increased efforts to spur growth in Asia’s largest economy. Consumer staples companies declined.

The MSCI Asia Pacific Index rose 0.1 percent to 146.32 as of 7:47 p.m. in Hong Kong. The measure increased 4.2 percent in February, its largest monthly advance since September 2013, as Greece brokered a deal with creditors to extend bailout funding and Federal Reserve Chair Janet Yellen damped concerns of an imminent rate increase.