Asian Stocks Rise on Low Volume as China Signals More Stimulus
- China calls for `flexible' monetary policy to support reforms
- Volume in Australia, Hong Kong at least 30% below average
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Asian stocks rose in thin trading as investors weighed the prospect of more stimulus from Chinese leaders. Energy and utility shares led the advance.
The MSCI Asia Pacific Index added 0.3 percent to 130.42 as of 7:12 p.m. in Hong Kong, with volume in Australia, Hong Kong, India and Malaysia at least 20 percent below the 30-day average. Equity markets were primed for gains after the Standard & Poor’s 500 Index rebounded on Monday from its biggest two-day loss in three months.