Asian Stocks Outside Japan Rise on Bets Fed Will Keep Rates Low

  • Tokyo shares decline led by exporters as yen strengthens
  • Shanghai Composite Index’s volatility drops to two-year low

Asian stocks rose, with the regional benchmark index trading at a 13-month high, after weak data on the U.S. services industries bolstered speculation that the Federal Reserve will keep interest rates lower for longer. Shares in Tokyo fell as the yen strengthened.

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