Deals
Asian Stocks Rise to Two-Month High Before Central Banks Meet
- China securities regulator pledged to keep supporting equities
- Japanese shares gain after machine orders beat estimates
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Asian stocks rose for a third day, led by Shanghai and Tokyo shares ahead of policy reviews by the Bank of Japan and the U.S. Federal Reserve.
The MSCI Asia Pacific Index climbed 1 percent to 128.02 as of 12:59 p.m. in London, the highest since Jan. 5. The focus now turns to policy decisions this week after stocks jumped on Friday as investors reevaluated the European Central Bank’s stimulus. Chinese data over the weekend showed industrial production and retail sales both slowed in the first two months of the year, highlighting the pressure leaders face to meet this year’s growth target.