Asian Stocks Climb to Erase Brexit Loss as Commodity Shares Gain
- India’s benchmark stock index approaches bull market
- Topix extends last week’s rally as Japanese yen pulls back
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Asian stocks rose for a fourth day as commodity producers rallied and speculation grew that central banks will take steps to ease the economic fallout from the shock U.K. decision to leave the European Union.
The MSCI Asia Pacific Index added 0.7 percent to 130.56 as of 4:03 p.m. in Hong Kong, set for its steepest four-day gain in almost three months. The advance erased losses sparked by the so-called Brexit vote. Indian stocks approached a bull market, Shanghai shares rose to a two-month high and Vietnam’s stock gauge reached the highest level since 2008.