Asia Stocks Set for Best Month Since October on Fed Optimism
- Evans reinforces Yellen's message with inflation comments
- Hang Seng China Enterprises Index Enters Bull Market
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Asian stocks headed for the biggest monthly gain since October as optimism the Federal Reserve is in no hurry to lift U.S. interest rates and signs that China’s economy is stabilizing spurred appetite for riskier assets.
The MSCI Asia Pacific Index is up 8.2 percent this month, approaching its 200-day moving average and trimming losses this quarter to 2.1 percent. The gauge added 0.1 percent to 128.92 as of 5:39 p.m. in Tokyo. The Shanghai Composite Index had its steepest monthly gain in almost a year and Hong Kong’s Hang Seng China Enterprises Index entered a bull market. Japan’s Topix index capped its worst quarter since September.