Economics
Asian Stocks Gain Amid Wild Swings as China, Hong Kong Advance
- Japanese equities erase rally as investors weigh earnings
- China shares in Hong Kong jolted by two-minute plunge
This article is for subscribers only.
Asian stocks advanced on a day punctuated by broad swings, with Shanghai equities climbing back from an early loss amid disappointing economic data while Tokyo shares briefly erased a rally. China stocks trading in Hong Kong finished higher after being jolted by a sudden plunge.
The MSCI Asia Pacific Index rose 0.5 percent to 126.38 as of 4:28 p.m. in Hong Kong, climbing from a one-month low. Investors weighed corporate earnings and a report that Japanese Prime Minister Shinzo Abe will postpone a two-percentage point boost to the sales tax, as well as the data from China that missed economists’ estimates.