Economics
Asia Stocks Post Best Week in Two Months as Weak Yen Buoys Japan
- Yen is on course for third week of losses against dollar
- Indian stocks climb after rupee rebounds from record low
BlackRock's Turnill: How to Play Emerging Markets
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Asian stocks headed for the first weekly advance this month as a weaker yen spurred gains in Japanese shares and optimism grew that the U.S. economy will be able to cope with higher borrowing costs.
The MSCI Asia Pacific Index rose 0.7 percent to 135.85 as of 4:10 p.m. in Hong Kong, with commodity producers surging the most this week among industry groups. Japanese shares stretched their rally to levels unseen since the Bank of Japan introduced negative interest rates in January. Chinese stocks traded in Hong Kong had its steepest weekly increase since July and Indian equities erased a weekly loss as the rupee climbed from a record low.