Economics
Asian Stocks Rise as Weak Yen Lifts Topix, Energy Shares Rally
- Topix jumps to four-month high as yen drops for eighth day
- Kospi rises as Samsung Electronics climbs to all-time high
Is It a Good Time to Be in Emerging Markets?
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Asian stocks rose as Japanese shares climbed after the yen declined and an overnight gain in crude oil drove a gauge of energy producers to the highest level in more than a year.
The MSCI Asia Pacific Index climbed 0.4 percent to 140.85 as of 4:10 p.m. in Hong Kong, as a measure of energy stocks jumped the most among 11 industry groups. Japan’s Topix index closed at a four-month high after the yen weakened against the dollar for an eighth day, as bets increased that the Federal Reserve will tighten policy this year as a pickup in U.S. services activity added to signs the world’s biggest economy is gaining momentum.