Economics
Asian Stocks Advance to Post Biggest Five-Day Rally Since 2011
- Japan's Topix extends rally to 7.3% over past five days
- Pace of growth in U.S. services industries cools in September
Japans Topix index rose 1.4 percent after the yen weakened 0.5 percent on Monday.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Asian stocks extended gains, heading for the biggest five-day gain in nearly four years, amid speculation that global central bank policies will remain accommodative to counteract weak economic growth.
National Australia Bank Ltd. added 1.1 percent in Sydney as the nation’s central bank kept interest rates at a record-low 2 percent. Sakata Seed Corp. climbed in Tokyo as Bank of America Corp. said the seed wholesaler is one of the potential beneficiaries of the Trans-Pacific Partnership trade agreement. Largan Precision Co. surged 8.5 percent in Taipei after sales rose.