Skip to content
Subscriber Only

Most Asian Share Markets Advance Before Fed Meeting

Most Asian share markets advanced as investors awaited the outcome of the two-day Federal Reserve meeting that starts today and Japanese exporters rose as the yen dropped for a second day.

Toyota Motor Corp., the world’s largest carmaker, gained 1.8 percent in Tokyo. Sony Corp. climbed 4.4 percent after Third Point LLC, a hedge fund controlled by billionaire Daniel Loeb, increased its stake in the electronics maker. STX Pan Ocean Co., South Korea’s No. 1 commodities-shipping company, slumped 15 percent after a court accepted its application to seek protection.