Economics
Asian Stocks Climb as Tech Shares Rise, Chinese Equities Gain
- Fed Chair Janet Yellen speaks at Harvard University on Friday
- Taiwan shares jump on optimism iPhone 7 production to start
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Asia’s benchmark stock index rebounded from four weeks of losses as Chinese and Taiwanese shares gained while Japanese equities pared a steep loss.
The MSCI Asia Pacific Index rose 0.4 percent to 126.09 as of 4:28 p.m. in Hong Kong, swinging from a drop of as much as 0.6 percent. The biggest gains were seen in Taiwan, where the Taiex index rallied 2.6 percent, the most since September, on optimism Apple Inc. orders for the iPhone 7 will be higher than estimated. Japan’s Topix index lost 0.4 percent at the close, after sliding as much as 1.8 percent, as the yen gained amid clashes between the Group of Seven finance chiefs on whether to intervene in the currency market.