Asian Stocks Rise Amid Strong Dollar as Japan, China Shares Gain
- Benchmark gauge pares biggest monthly drop since February
- Investors await more details on the timing of U.S. rate hike
Why are Investors Bearish on Chinese Stocks?
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Asian stocks rose, paring the worst monthly loss since February, as China shares surged and the dollar maintained strength against the yen amid expectations for higher U.S. interest rates.
The MSCI Asia Pacific Index added 0.7 percent to 129.09 as of 5:49 p.m. in Tokyo. The gauge is down 1.6 percent this month, the worst showing since a 1.8 percent plunge in February. Stocks in Shanghai jumped the most since March. Japan’s Topix index climbed 1 percent to the highest level in more than a month amid optimism the government will delay an increase in sales tax.