Asian Stocks Gain as Oil Explorers Rise With Crude After Debate
- Japan’s Topix rises to highest in almost five months
- Gauge of oil explorers has biggest advance on Asia benchmark
Hewin: A Trump Presidency Could Build Trade Barriers
Asian stocks rose for a third day after the final U.S. presidential debate as oil’s jump to a 15-month high boosted energy producers and a weaker yen drove Japanese shares higher.
The MSCI Asia Pacific Index climbed 0.3 percent to 140.46 as of 4:10 p.m. in Hong Kong, with futures on the S&P 500 Index rising 0.1 percent after Hillary Clinton and Donald Trump went head-to-head for the third time before the Nov. 8 election. A Bloomberg Politics national poll showed a nine-point lead for Clinton before the debate. The gauge posted its biggest two-day increase in almost a month on Wednesday after data out of China showed Asia’s largest economy remained stable in the third quarter and speculation grew the Federal Reserve will stick to a gradual tightening of monetary policy.