Asian Stocks Advance for Fourth Day Amid Central Bank Optimism
- Japanese equities rally again after BOJ's stimulus move Friday
- Shanghai index drops after factory gauge misses estimates
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Asian stocks rose, with the regional benchmark index heading for its fourth day of advances, as shares in Tokyo extended Friday’s rally after the Bank of Japan stepped up its monetary stimulus.
The MSCI Asia Pacific Index gained 1 percent to 122.59 as of 4:03 p.m. in Hong Kong, extending its longest winning streak of the year as optimism grew that central banks around the world will support financial markets. Chinese shares extended their steepest monthly selloff since the global financial crisis after an official manufacturing gauge missed estimates.