Asian Shares Climb With Japan Stocks, Bond Yields as Won Slides

Asian shares rose as stocks in Japan climbed to their highest level since December 2007 and yields on the nation’s 10-year bond advanced to the most in more than a year. South Korea’s won declined and palladium retreated.

The MSCI Asia Pacific Index added 0.8 percent at 1:12 p.m. in Tokyo as Japan’s Nikkei 225 Stock Average jumped 1.9 percent, breaching 15,000 for the first time since January 2008. Standard & Poor’s 500 Index futures were down 0.1 percent after the equity gauge advanced to a record yesterday. The yen rebounded from a 4 1/2-year low, while the won retreated 0.7 percent. The dollar traded near the strongest in five weeks against the euro as U.S. 10-year Treasury yields headed toward 2 percent for the first time since March. Japan’s 10-year rate climbed as high as 0.92 percent.