Stocks, Euro Advance as Korean Tensions Ease; Commodities Gain

Stocks advanced in Europe and Asia as a Chinese official said his nation was supporting efforts to stem Europe’s debt crisis and tensions eased on the Korean peninsula. The euro strengthened and commodity prices rose.

The MSCI Asia Pacific Index increased 1 percent to 134.69 as of 5:37 p.m. in Tokyo. The Stoxx Europe 600 Index climbed 0.6 percent to 280.16 in London, while futures on the Standard & Poor’s 500 Index climbed 0.4 percent. The euro pared gains after Moody’s Investors Service put Portugal’s credit rankings on review for a possible downgrade.